*🚨💥⛔️Coinbase and KuCoin Apply for Crypto Licenses in Turkey* 🇹🇷$ETH $SOL $EOS 🌏⤴️🪙

Coinbase and KuCoin, two leading crypto exchanges, have recently applied for licenses to operate in Turkey

This move follows Turkey's introduction of the “Law on Amendments to the Capital Markets Law” in July, which imposes stricter regulations on crypto asset service providers .

*Key Points:*

- _29 new exchanges have applied for licenses since August 9, bringing the total number of applicants to 76_

- _Turkey's Capital Markets Board (CMB) receives a surge in applications after new regulations_

- _Coinbase and KuCoin join other notable exchanges like Binance, Bitfinex, and OKX in applying for licenses_

*Turkey's Growing Crypto Market:*

- _Turkey ranks as the fourth-largest crypto market worldwide, with an estimated trading volume of $170 billion_

- _The country's crypto landscape is undergoing significant transformation, with major firms seeking business licenses_