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  • Article

    Step To The Future With Blockchain In Insurance: Transparency, Security And Speed

    Blockchain technologies: It has the potential to revolutionize the reinsurance and insurance industry, as it does in almost every sector of the global economy, including healthcare...
    TurkeyTechnology
    KP Law
    KP Law
  • Article

    A New Form Of Dollarization?

    Defined as holding foreign currency-denominated assets and liabilities to hedge against the risk of local currency depreciation in inflationary economies, dollarization has traditionally been a key concern for central banks, ...
    TurkeyFinance and Banking
    Universal Hukuk | Law & Consultancy
    Universal Hukuk | Law & Consultancy
  • Article

    Evaluation Of Cryptocurrency Under Turkish Law

    There is no specific Turkish legislation regulating the production or use of cryptocurrencies at the moment.
    TurkeyTechnology
    Inanici - Tekcan Ortakligi
    Inanici - Tekcan Ortakligi
  • Article

    Proposal Amendments To LMSE FRS Regarding The Accounting And Reporting Of Crypto Assets

    Upon the widespread use of crypto assets by businesses, a draft text containing the amendments to be made in the 2021 version of the Financial Reporting Standards for Large and Medium-Sized Enterprises ...
    TurkeyTechnology
    Vardar Sanli
    Vardar Sanli
  • Article

    The Legal Status Of Crypto Assets Qualifying As Electronic Money Under Turkish And European Union Law

    Crypto assets have gained substantial popularity among Turkish investors, mirroring the global trend, and this interest continues to expand progressively.
    TurkeyTechnology
    Pekin & Pekin
    Pekin & Pekin
  • Article

    The Place Of Decentralized Autonomous Organizations

    THE BLOCKCHAIN DICTIONARY from Turkey's Digital Transformation Office defines decentralized autonomous organizations ("DAOs") as...
    TurkeyCorporate/Commercial Law
    Kolcuoglu Demirkan Koçakli
    Kolcuoglu Demirkan Koçakli
  • Article

    Developments In Open Banking And Digital Wallets

    The Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (the "Regulation"), prepared by the Central Bank of the Republic of Türkiye...
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Remote Identification Of Customers In The Banking Sector

    Turkey performs change and transformation in many areas to ensure to boost economic activities and to create ease of access to any service by consumers.
    TurkeyFinance and Banking
    Gungor Law Firm
    Gungor Law Firm
  • Article

    Requirement For Crypto Asset Service Providers To Apply To The CMB By 2 August 2024

    The Amendment Law regarding the crypto assets, submitted to the Presidency of the Grand National Assembly of Turkey on 16 May 2024, was approved by the General Assembly on 26 June 2024...
    TurkeyFinance and Banking
    Moroglu Arseven
    Moroglu Arseven
  • Article

    New Package Of Eu-Measures Against Money Laundering And Terrorist Financing Approved By Meps

    On 28th of March 2023 the European Parliamant has published the press release with regard to the new EU measures against money laundering and terrorist financing.
    TurkeyGovernment, Public Sector
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    Dilemma Of Crypto Service Providers Solved In Turkey: KYC Vs. Privacy

    Turkish Personal Data Protection Board ("Board") has published a pivotal decision ("Decision" or "Decision numbered 2023/570")...
    TurkeyTechnology
    Ünsal Law Firm
    Ünsal Law Firm
  • Article

    Enhanced Measures Introduced For Crypto Asset Transactions

    The Communiqué of the Financial Crimes Investigation Board (No. 29) ("Communiqué"), issued by the Ministry of Treasury and Finance ("Ministry") pursuant to Article 26/A...
    TurkeyTechnology
    Moroglu Arseven
    Moroglu Arseven
  • Article

    Stillbirth Of Legality Of The Cryptocurrency In Turkey

    On April 16th of 2021, close to midnight, a directive was published. It was a piece of legislation regulating the cryptocurrency for the first time ever in Turkey. And ironically, ...
    TurkeyTechnology
    Bener Law Office
    Bener Law Office
  • Article

    Turkish Central Bank Bans The Use Of Crypto Assets In Payment Transactions

    The Central Bank of the Republic of Turkey recently issued a new regulation which prohibits the use of crypto assets as payments for transactions.
    TurkeyTechnology
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Two-Minute Recap Of Recent Developments In IT Law

    The regulation referred to as the "Crypto Asset Law", which aims to regulate trading of crypto assets on internet platforms, was passed...
    TurkeyTechnology
    Gen Temizer Erdogan Girgin Attorney Partnership
    Gen Temizer Erdogan Girgin Attorney Partnership
  • Article

    Use Cases Of Blockchain Technology And Smart Contracts

    ALTHOUGH the roots of blockchain technology goes back to the 1990's, the first widely used example of it, the Bitcoin blockchain, sparked the popularity of blockchains in 2009.
    TurkeyTechnology
    Kolcuoglu Demirkan Koçakli
    Kolcuoglu Demirkan Koçakli
  • Article

    What Does Türkiye's New Draft Crypto Legislation Mean For Foreign Crypto Asset Service Providers?

    Türkiye's fintech sector, fueled by its young and unbanked population, has seen rapid growth in 2023, with Turkish fintech companies' continuing...
    TurkeyTechnology
    Norton Rose Fulbright
    Norton Rose Fulbright
  • Article

    Two-Minute Recap Of Recent Developments In Turkish Data Protection Law

    TÜBİTAK BİLGEM has issued a technical fra mework for Crypto Asset Service Providers (KVHS), emphasizing their obligations as data controllers under Turkish data protection law.
    TurkeyPrivacy
    Gen Temizer Erdogan Girgin Attorney Partnership
    Gen Temizer Erdogan Girgin Attorney Partnership
  • Article

    Crypto Assets On The Regulatory Net

    Following the EU, the UK is also trying to provide a safer environment for investors with regulations.
    European UnionTechnology
    KP Law
    KP Law
  • Article

    The CMB Sets Out The Principles And Procedures For Reserve-Proof Audits

    As you are aware, crypto asset service providers (the "CASPs") operating or planning to operate in Türkiye are regulated under the Capital Markets Law No. 6362.
    TurkeyAccounting and Audit
    Sadik& Çapan
    Sadik& Çapan

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