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ARTICLE · 26 JULY 2024

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Türkiye's New Crypto Law: Transforming The Turkish Crypto Market

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In an era where digital innovation transforms financial landscapes at breakneck speed, Türkiye has taken a bold step forward with the introduction of Law No. 7518, amending the Capital Markets Law regarding crypto assets.

TurkeyTechnology
Omer Kesikli
Omer Kesikli
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In an era where digital innovation transforms financial landscapes at breakneck speed, Türkiye has taken a bold step forward with the introduction of Law No. 7518, amending the Capital Markets Law regarding crypto assets. This groundbreaking legislation, effective as of July 2, 2024, not only redefines the regulatory framework for crypto assets but also positions Türkiye as a pivotal player in the global cryptocurrency market. By clarifying legal ambiguities and establishing robust governance structures, this law aims to foster a secure, transparent, and thriving environment for both investors and service providers in the burgeoning field of digital assets.

Law No. 7518 Amending the Capital Markets Law Regarding Crypto Assets ("Law Amendment") was accepted by the General Assembly of the Grand National Assembly of Türkiye on June 26, 2024, and published in the Official Gazette on July 2, 2024, thus entering into force.

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