licencemap
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🇹🇷 Turkey

New CASP licensing regime under Law No. 7518 hit its final compliance deadline of 30 June 2026, with only a handful of firms confirmed licensed.

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-03 Next review 2026-07-17

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

Crypto Asset Service Provider (CASP) operating licence/permit under Law No. 7518 (amendment to Capital Markets Law No. 6362), adopted 26 June 2024, in force 2 July 2024. Secondary regulation via Communiqués III-35/B.1 (establishment/operating principles) and III-35/B.2 (operating procedures and capital adequacy), published in Official Gazette No. 32840, 13 March 2025. Distinguishes platform operators (exchanges) from custody-only providers.

Verified 2026-07-02 Source: Mondaq, Secondary Regulations On Crypto Asset Service Providers Published: https://www.mondaq.com/turkey/fin-tech/1601060/secondary-regulations-on-crypto-asset-service-providers-published

Regulator

Capital Markets Board of Turkey (CMB / Sermaye Piyasası Kurulu, SPK). AML/CFT compliance is separately overseen by MASAK (Financial Crimes Investigation Board).

Verified 2026-07-02 Source: bilalalyar.av.tr, MASAK & SPK Compliance Turkey 2026: https://bilalalyar.av.tr/en-masak-compliance-turkey/

Capital requirement 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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MiCA CASPs approved 🔒

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Key restrictions 🔒

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Recent changes

Secondary regulations (Communiques III-35/B.1 and III-35/B.2, 13 March 2025) operationalised Law 7518. New development: following a February 2026 amendment to the Turkish Capital Markets Association (TCMA/TSPB) statute (effective 27 Feb 2026), CMB-licensed Crypto Asset Service Providers must apply for TCMA membership within 3 months of obtaining their CMB operating permit, and a dedicated professional committee for CASPs has been created within the TCMA structure. In March 2026 the CMB extended certain deadlines on custody agreements and authorisation certificates. The final compliance deadline of 30 June 2026 for the transitional licensing cohort has passed as of this report; market consolidation continues, with only a small number of exchanges (reported as Paribu, BtcTurk, Koinim) confirmed as fully licensed against a much larger transitional applicant pool.

Verified 2026-07-03 Source: Tevetoglu Legal, TSPB Status Changed, https://www.tevetoglu.av.tr/en/new-and-insight/a-new-era-for-cryptocurrency-exchanges-and-crowdfunding-platforms-tspb-status-changed-2026-02-27-084457

Difficulty rating 🔒

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Turkey's regulator and qualified local counsel before acting.