Turkey Strengthens Crypto Regulations, Introduces New Rules for CASPs

Nynu V Jamal
March 13, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Turkey Strengthens Crypto Regulations, Introduces New Rules for CASPs

Highlights

  • Turkey launches new crypto regulations focusing on CASPs.
  • The country releases two regulatory documents on the licensing and operations of CASPs.
  • The rules also strengthens Turkey's Anti-Money Laundering (AML) regulations.

Turkey is taking a significant step forward in strengthening the country’s crypto regulations. In an astounding development, Turkey’s Capital Markets Board (CMB) has released regulatory updates focusing on crypto asset service providers (CASPs).

Notably, this move comes at a critical juncture, as the crypto market is facing increasing threats. As the need for robust crypto regulations has become more pressing than ever, more countries are launching new rules. Turkey’s latest regulatory update is a significant step in this direction, aiming to create a more secure and transparent crypto market.

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Turkey Launches Crypto Regulations: CASPs on Focus

Today, Turkey released regulatory updates related to the licensing and operations of Crypto Asset Service Providers (CASPs). In particular, the Turkish Capital Markets Board has assumed comprehensive regulatory oversight of crypto asset platforms, encompassing licensing, operational supervision, and compliance enforcement for CASPs.

Interestingly, the CMB unveiled a regulatory framework for CASPs comprising crypto exchanges, custodians, and wallet services. The new rules allow the CMB to exercise comprehensive oversight, ensuring CASPs adhere to both domestic and international regulatory standards. The framework also outlines specific standards and requirements for establishing and operating crypto asset services in Turkey.

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Turkey’s Regulatory Move Boosts AML Rules

In December 2024, Turkey implemented Anti-Money Laundering (AML) rules to tackle the increasing fraudulent activities related to crypto. The move mandated the disclosure of users’ identities to CASPs for transactions exceeding 15,000 Turkish liras (approximately $409).

Significantly, Turkey’s latest crypto regulations are also expected to boost the AML rules. With the new rule, the CMB mandates CASPs to record and maintain detailed transaction data, including canceled and unexecuted transactions.

The Turkey crypto regulations come amidst the global powers’ endeavor to establish a comprehensive regulatory framework that ensures crypto growth and user protection. The United States, under President Donald Trump, is envisioning a regulatory overhaul to position the country at the forefront of the global crypto landscape.

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Global Crypto Regulations: An Overview

In a bid to tackle the growing crypto threats and attacks, countries across the world are introducing stringent regulations. The Turkey crypto regulations were announced following El Salvador’s plans to strengthen crypto rules, in collaboration with Paraguay.

In addition, South Korea’s Financial Intelligence Unit is strengthening the AML laws. Remaining committed to tackling the crypto crimes, the FIU is discussing the potential implications of the regulations.

Moreover, Turkey’s latest move marks a significant development in the global crypto regulatory landscape. As the global crypto landscape continues to evolve, it is likely that other countries will follow suit, introducing their own regulatory frameworks to address the growing threats and opportunities in the crypto space.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape. Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet. Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.