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

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These firms will be licensed under the new ‘Law on Amendments to the Capital Markets Law

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President Recep Tayyip Erdoğan signed the new legislation into law on July 2 after its approval by the Turkish Grand National Assembly

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The list of 47 companies includes major global crypto exchanges such as Binance, OKX, and Bitfinex

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These companies must still seek the CMB’s authorization separately once secondary crypto legislation is enacted.

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