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ARTICLE · 28 JUNE 2024

Turkiye Enacts Cyrpto Regulation And Seeks FATF Gray List Removal

Gunay Erdogan Attorneys-at-Law
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Cryptocurrencies have revolutionized the financial landscape globally, and Turkiye is no exception. The adoption and regulation of these digital assets have become critical in shaping Turkiye's economic and legal framework.

TurkeyTechnology
Çiğdem Gizem Okkaoğlu
Çiğdem Gizem Okkaoğlu
Yavuz Selim Günay
Yavuz Selim Günay
Canfer Benan Uçar
Canfer Benan Uçar

The Evolution of Cryptocurrency in Turkiye

Cryptocurrencies have revolutionized the financial landscape globally, and Turkiye is no exception. The adoption and regulation of these digital assets have become critical in shaping Turkiye's economic and legal framework. This article provides an overview of the recent legislative changes in Turkiye concerning cryptocurrency, focusing on the newly enacted regulations and their implications.

Legislative Changes in the Capital Markets Law

On June 26, 2024, the Turkish Grand National Assembly (TBMM) passed the long-awaited bill regulating the cryptocurrency market. This significant legislative change is part of a broader reform of the Capital Markets Law, comprising 19 articles dedicated to the regulation of crypto assets.

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