Cryptocurrency license applications surge after new Turkish regulations
On August 9, Cointelegraph reported that Turkey is experiencing a significant increase in operational interest from cryptocurrency companies. Turkey’s Capital Markets Board (CMB) announced that 47 cryptocurrency companies have applied for licenses under the new regulations.
Well-known trading platforms such as Bitfinex, Binance TR, and OKX TR have submitted applications for cryptocurrency licenses. However, prominent trading platforms like Coinbase, Bybit, KuCoin, MEXC, and Gate have not yet applied for licenses.
This wave of applications follows the implementation of Turkey’s Capital Markets Law Amendment Act, which came into effect on July 2. The law aims to provide a regulatory framework for crypto-asset service providers in Turkey.
In a statement, the CMB clarified that three companies had declared liquidation, while applications from those that had provided incomplete or insufficient information were still under review.