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ARTICLE · 09 JULY 2024

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Crypto Asset Law

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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Law No. 7518 on the Amendment of Capital Markets Law ("Law"), known as the Crypto Asset Law, entered into force on its publication in the Official Gazette No. 32590 on 2 July 2024.

TurkeyTechnology
Dila Topuz
Dila Topuz
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Law No. 7518 on the Amendment of Capital Markets Law ("Law"), known as the Crypto Asset Law, entered into force on its publication in the Official Gazette No. 32590 on 2 July 2024.

General Information

The long-awaited amendment regulates provisions regarding crypto assets, crypto asset trading platforms, crypto asset custody services and crypto asset service providers. Secondary regulations are pending.

The Law defines:

  • Crypto assets as intangible assets that can be created and stored electronically using distributed ledger (or similar) technology; they are distributed over digital networks; and can express values or rights.
  • A crypto asset platform ("Platform") as a platform through which crypto asset trading, initial sale or distribution, clearing, settlement, transfer, custody and other transactions as may be determined are undertaken.

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