Turkey’s crypto economy is poised for growth as local and international companies show keen interest ahead of new legislation.
Turkey is experiencing a significant surge in interest from cryptocurrency companies looking to operate in the country. The Turkish Capital Markets Board (CMB) has announced that 47 cryptocurrency companies have applied for licenses under new regulations.
According to the CMB, this influx includes well-known exchanges such as Bitfinex, Binance TR and OKX TR. However, notable exchanges like Coinbase, Bybit, KuCoin, MEXC and Gate.io have not yet applied for licenses.
The wave of applications follows the implementation of the “Law on Amendments to the Capital Markets Law,” which came into effect on July 2. This law aims to provide a regulatory framework for crypto asset service providers in Turkey.
