Turkey Tightens Cryptocurrency Regulation, Introduces New Rules for Exchanges and Investors

BlockBeats News, March 13th, according to Cointelegraph, Turkey is advancing cryptocurrency regulation, introducing new rules for Cryptocurrency Asset *Service Providers* (CASPs).

On March 13th, the Capital Markets Board of Turkey (*CMB*) issued two regulatory documents regarding CASP licensing and operations, covering cryptocurrency exchanges, custodians, and wallet *service providers*.

This regulatory framework grants the CMB full supervision over cryptocurrency platforms to ensure compliance with domestic and international standards.

Furthermore, the framework sets standards and requirements for establishing and providing cryptocurrency asset services in Turkey, including registered capital, management background, shareholder rules, and more.