{"id":135216,"date":"2024-08-09T16:00:58","date_gmt":"2024-08-09T13:00:58","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135216"},"modified":"2024-08-09T14:23:29","modified_gmt":"2024-08-09T11:23:29","slug":"turkey-sees-surge-in-crypto-companies-applying-for-licenses","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/turkey-sees-surge-in-crypto-companies-applying-for-licenses\/","title":{"rendered":"Turkey Sees Surge in Crypto Companies Applying for Licenses"},"content":{"rendered":"<p>Turkey\u2019s Capital Markets Board (CMB) recently <a href=\"https:\/\/spk.gov.tr\/kurumlar\/kripto-varlik-hizmet-saglayicilar\/faaliyette-bulunanlar-listesi\" target=\"_blank\" rel=\"nofollow\"><strong>revealed<\/strong><\/a> that 47 crypto companies have applied for licenses under the country\u2019s new regulatory framework.<\/p>\n<p>Among the applicants are prominent exchanges such as Bitfinex, Binance TR and OKX TR. However, other major players such as Coinbase, Bybit, KuCoin, MEXC and Gate.io have not yet submitted license applications.<\/p>\n<p>This sharp jump in applications is a consequence of the passing of the \u201c<em>Capital Markets Amendment Act<\/em>\u201c, which came into force on July 2 this year. The legislation aims to create a structured regulatory environment for cryptoasset service providers operating in Turkey.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/putin-officially-legalized-cryptocurrency-mining-in-russia\/\" title=\"Putin Officially Legalized Cryptocurrency Mining in Russia\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_vladimir-putin-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Putin Officially Legalized Cryptocurrency Mining in Russia<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In its announcement, the CMB noted that three companies have stated their intention to liquidate, while applications from companies that have provided incomplete or insufficient information are still being reviewed.<\/p>\n<p>CMB also clarified that inclusion on the \u201c<em>Incumbent List<\/em>\u201d does not constitute formal authorization. Companies must still receive formal approval from the board once secondary legislation is passed. The list will be updated when companies address any gaps or when the CMB completes its assessments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey has seen a significant increase in interest from cryptocurrency companies looking to set up operations within its borders.<\/p>\n","protected":false},"author":3,"featured_media":24828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[],"class_list":["post-135216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Turkey Sees Surge in Crypto Companies Applying for Licenses<\/title>\n<meta name=\"description\" content=\"Turkey has seen a significant increase in interest from 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