Key Takeaways:
Turkey is establishing new rules for Crypto Asset Service Providers (CASPs) in a bold move to regulate the cryptocurrency industry. Announced on March 13th by Turkey’s Capital Markets Board (CMB), these rules mark a turning point in Turkey’s regulation of the crypto-assets ecosystem, as crypto exchanges, custodians and wallet service providers are now subjected to closer scrutiny.
CMB Takes the Reins: Licensing, Operations, and Compliance
Under the new regulatory framework, the CMB has been granted complete oversight of domestic crypto platforms. This effort encompasses the oversight of CASP licensing, operational compliance, and adherence to nati ..
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