Main Points:
- Coinbase, KuCoin, and other cryptocurrency companies are seeking registration in Turkey.
- Turkey is experiencing a surge in crypto interest and regulatory clarity.
- Turkey leads in cryptocurrency transactions in the Middle East and North Africa region.
- The list of registered companies includes international and local cryptocurrency exchanges.
- Turkey’s new regulations require crypto providers to adhere to certain measures.
Turkey’s Growing Crypto Interest
Coinbase, KuCoin, and other major cryptocurrency companies are looking to register in Turkey, following the country’s efforts to provide regulatory clarity for the crypto industry. This move has attracted international digital asset platforms to enter the Turkish market, which is showing increased crypto traction.
Chainalysis Report and Crypto Regulation in Turkey
According to a Chainalysis report, Turkey leads in cryptocurrency transactions in the MENA region, with countries like the UAE and Saudi Arabia following. The recent update by the Capital Markets Board requires crypto providers in Turkey to comply with the Capital Markets Law No. 6362, including reporting crypto seizures and legal cooperation.
Impact of Global Crypto Regulations
Global crypto regulations have led to exchanges registering, gaining approval, or exiting markets. In compliance with laws like the EU’s MiCA law, exchanges have made strategic decisions, such as delisting certain products to meet regulatory requirements.
