licencemap
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Matrix / Turkey

🇹🇷 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 2026-07-02 Next review 2026-07-16

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/

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Recent changes

Secondary regulations published 13 March 2025 (Communiqués III-35/B.1 and III-35/B.2) operationalized Law 7518, setting capital adequacy and custody rules. Capital requirement figures appear to have been revised upward between 2025 and 2026 (from ~50-100M TRY toward 150M/500M TRY tiers), suggesting a tightening trend pending primary-source confirmation. The final compliance deadline of 30 June 2026 for the transitional cohort has just passed as of this report — the most consequential development to monitor. Market consolidation is reportedly underway: only 3 exchanges (Paribu, BtcTurk, Koinim) reportedly hold the bulk of licensed trading volume, out of ~58 firms that had been in the transition/application queue.

Verified 2026-07-02 Source: Lexology, Türkiye Introduces New Crypto Asset Regulations: https://www.lexology.com/library/detail.aspx?g=80678677-a88b-4682-ad4b-da86afc5ae1b

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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.