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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 / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

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 2 days agoSource: Capital Markets Board of Turkey, crypto-asset service-provider Communiques: https://spk.gov.tr/duyurular/basin-duyurulari/2025/kripto-varlik-hizmet-saglayicilarina-iliskin-iki-teblig-yayimlandi

Regulator

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

Verified 5 weeks agoSource: bilalalyar.av.tr, MASAK & SPK Compliance Turkey 2026: https://bilalalyar.av.tr/en-masak-compliance-turkey/

Recent changes

Secondary regulations (Communiques III-35/B.1 and III-35/B.2, 13 March 2025) operationalised Law 7518. 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. SPK's annual statutory revaluation (Bulletin 2025/68, Board Decision of 30 December 2025) raised the 2026 minimum capital under Communique III-35/B.2 from TRY 150,000,000 to TRY 250,000,000 for trading platforms and from TRY 500,000,000 to TRY 630,000,000 for custody providers. The final transitional compliance deadline of 30 June 2026 has passed; SPK's provisional lists (rechecked 15 July 2026) still show 56 entities declaring themselves in operation and 52 in liquidation, unchanged from 10 July 2026.

Verified 2 days agoSource: SPK Bulletin 2025/68: https://spk.gov.tr/data/695546ca8f95db281807a9c3/2025-68.pdf ; SPK operating and liquidation lists: https://spk.gov.tr/kurumlar/kripto-varlik-hizmet-saglayicilar/faaliyette-bulunanlar-listesi and https://spk.gov.tr/kurumlar/kripto-varlik-hizmet-saglayicilar/tasfiye-surecinde-olanlar-listesi ; Tevetoglu Legal on TCMA membership: 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

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Turkey's regulator and qualified local counsel before acting.