The Turkish Grand National Assembly has enacted comprehensive legislation on cryptocurrency regulation,

granting the Capital Markets Board (CMB) extensive authority over digital asset transactions, including the power to enforce measures and impose sanctions such as blocking and seizing funds.

Key provisions include:

- Individuals and entities operating without a cryptocurrency service provider license will face prison terms ranging from 3 to 5 years.

- Cryptocurrency-related fraud will be punishable by imprisonment for 14 to 22 years.

- Financial penalties for non-compliance with the new regulations will range from $7,500 to $182,600.