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Critical day for the Turkish crypto sector: Final preparations are being completed.
As the cryptocurrency law that came into effect last July matures in our country, the procedures and principles regarding the operational processes of cryptocurrency exchanges were also defined with the notices published on March 13, (2025). Within this framework, exchanges were granted a deadline of June 30, that is, until today, to complete their preparations and apply to the Capital Markets Board.
Companies applying to the SPK must have at least 150 million TL in capital for cryptocurrency exchanges and at least 500 million TL for custody firms. 95% of the assets must be held in a custody institution. A maximum of 5% of the cryptocurrency can be held in the platform's own wallet. Platforms will also be required to maintain a 3% liquid reserve.
Additionally, the existence of a single cryptocurrency cannot exceed 20% of the total reserve.
Importance was also given to wallet security.
The Capital Markets Board also showed that it attaches great importance to wallet security in the rules. It was stipulated that companies' wallet keys must be kept in Turkey. Encryption must also comply with TÜBİTAK criteria.
Companies will also be required to submit reports to the CMB on the 7th, 15th, 23rd, and on the last day of the month.
Published: June 30, 2025 09:40 Last Updated: June 30, 2025 09:51