Turkey has introduced new rules for crypto asset service providers (CASPs).
On March 13, Turkey's Capital Markets Board (CMB) published two regulatory documents regarding the licensing and operation of CASPs, which include crypto exchanges, custodians and wallet service providers.
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This framework gives the CMB full oversight of cryptocurrency platforms, ensuring that they comply with national and international standards.
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It also sets standards and requirements for offering crypto asset services in Turkey, addressing factors such as establishment capital, history of executives, shareholder rules and others.