#cryptocurrencies granted legal status in Turkey under new crypto law ✅
#Turkey 🇹🇷 legalizes cryptocurrencies, defining them as “intangible fixed assets.”
SPK permission required for crypto organizations, with strict regulatory oversight.
Severe penalties for unauthorized activities, enhancing market security and compliance.
In a landmark move, Turkey has granted legal status to cryptocurrencies, redefining them as “intangible fixed assets” through a new regulation.
The new law, which has been published in the Official Gazette after approval by the parliament, not only legitimizes digital currencies but also introduces stringent oversight and penalties for unauthorized activities.
By mandating permissions from the Capital Markets Board (SPK) and implementing comprehensive regulatory standards, Turkey aims to increase transparency, security, and investor confidence in its cryptocurrency market.
