Turkey Preps 47 Crypto Firms for Licensing Under New Law
Turkey’s Capital Markets Board (CMB) is preparing to license 47 crypto firms under a new law slated for 2024 implementation
These firms will be licensed under the new ‘Law on Amendments to the Capital Markets Law
President Recep Tayyip Erdoğan signed the new legislation into law on July 2 after its approval by the Turkish Grand National Assembly
The list of 47 companies includes major global crypto exchanges such as Binance, OKX, and Bitfinex
These companies must still seek the CMB’s authorization separately once secondary crypto legislation is enacted.
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