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ARTICLE · 04 JULY 2024

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Crypto Law Finally Effective

Esin Attorney Partnership
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The draft crypto asset law, which was submitted to the General Assembly of the Grand National Assembly of Türkiye, entered into force after being published in the Official Gazette...

TurkeyTechnology
Muhsin Keskin
Muhsin Keskin
Furkan Karagolge
Furkan Karagolge
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Recent developments

The draft crypto asset law, which was submitted to the General Assembly of the Grand National Assembly of Türkiye, entered into force after being published in the Official Gazette dated July 2, 2024 and numbered 32590 ("Law").

What Does the Law Offer?

The Law defines the concepts of crypto asset, crypto asset trading platform ("Platform"), crypto asset custody service and crypto asset service providers ("Service Providers").

In addition, the procedures and principles applicable to the Platforms and institutions providing custody services, the rules regarding their supervision and the sanctions to be imposed in case of noncompliance with the legal regime are among the rules introduced by the Law.

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