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ARTICLE · 15 JULY 2024

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Crypto Assets Are Being Regulated: Law Numbered 7518 On Amending The Capital Markets Law Is Published

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The long-awaited legal regulation on crypto assets, the "Law No. 7518 on the Amendment of the Capital Markets Law" ("Amendment Law"), entered into force with the Official Gazette...

TurkeyTechnology
Buse Yonat
Buse Yonat
Buse Muti
Buse Muti
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The long-awaited legal regulation on crypto assets, the "Law No. 7518 on the Amendment of the Capital Markets Law" ("Amendment Law"), entered into force with the Official Gazette dated 2 July 2024 and numbered 32590.

Accordingly, the regulations introduced in the Capital Markets Law ("Law") regarding crypto assets are as follows:

NEW DEFINITIONS AND CONCEPTS RELATED TO CRYPTO ASSETS AND RELATED TRANSACTIONS

Under Article 3 titled "Abbreviations and Definitions" of the Amending Law and Law, definitions such as "Crypto Asset", "Wallet", "Crypto Asset Service Provider", "Platform", "Crypto Asset Storage Service" were defined in parallel with international regulations.

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