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ARTICLE · 17 MARCH 2025

CMB Regulated The Activities Of Crypto Asset Service Providers

The Communiqué on Operating Procedures and Principles and Capital Adequacy of Crypto Asset Service Providers numbered III-35/B.2 (the "Communiqué") published in the Official Gazette dated 13 March 2025 and numbered 32840.

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Recent Developments

The Communiqué on Operating Procedures and Principles and Capital Adequacy of Crypto Asset Service Providers numbered III-35/B.2 (the "Communiqué") published in the Official Gazette dated 13 March 2025 and numbered 32840. With the Communiqué, the Capital Markets Board (the "CMB") introduced important regulations on matters such as activities that crypto asset service providers (the "CASPs") can perform, the principles that they must comply with when carrying out their activities, the process for listing crypto assets, custody services for crypto assets and the capital adequacy of CASPs.

Services to be Provided by CASPs

Under the Communiqué, the following services can only be offered by the CASPs authorized by the CMB:

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