The Capital Markets Board of Turkey (CMB) has updated the list of approved crypto asset companies operating in the country. With the update, the number of approved platforms by the CMB, which was previously 47, has been increased to 76. This expansion aims to increase the integration of the crypto ecosystem in Turkey with international exchanges and align local market dynamics with global standards.

CMB Expands List of Approved Crypto Asset Companies in Turkey

The CMB has significantly expanded the list of approved crypto asset companies, increasing the number of platforms that can operate in Turkey to 76. This update is considered an important step in the integration of digital assets into Turkey’s financial ecosystem, compared to the previous list of 47 companies.

The new list includes many global crypto exchanges that have been approved to operate in Turkey. These exchanges include local subsidiaries of well-known international platforms such as Binance TR and OKX TR. The CMB’s inclusion of these global assets on the list aims to diversify Turkey’s crypto market and provide investors with stronger trading platforms. This highlights the CMB’s strategy to align Turkey’s crypto regulatory environment with international standards.

The updated list also includes major banks. For example, traditional financial institutions such as Garanti BBVA and İş Bankası are included in the list. This reflects the blending of traditional banking systems with modern digital asset management and the support of financially sound institutions for crypto operations. In addition, this move reflects the increasing adoption of blockchain and digital currencies, which will provide more integrated and secure financial services for consumers.

The increase in the number of approved platforms shows that Turkey’s crypto market is poised for rapid growth. The CMB’s inclusive approach signals the development of a regulatory framework that aims to protect investors while encouraging innovation. The key to future success will be for these platforms to comply with the CMB’s regulations and contribute to the development of the market.

As a result, the CMB has increased the list of approved crypto asset companies to 76, creating a significant milestone in Turkey’s financial sector and integrating global standards with local market dynamics. This update demonstrates the emergence of a stronger and more diversified crypto market in Turkey, providing investors with more options. The development of the market will require continuous regulatory oversight for the sustainability and security of digital asset trading.

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