PANews reported on August 9 that according to Cointelegraph, Turkey is experiencing a surge in interest from crypto companies to do business in the country. The country's Capital Markets Board (CMB) announced that 47 crypto companies have applied for licenses under the new regulations. This batch of exchanges includes Bitfinex, Binance TR and OKX TR. However, exchanges such as Coinbase, Bybit, KuCoin, MEXC and Gate have not yet applied for licenses. This wave of applications came after the implementation of the Capital Markets Law Amendment, which came into effect on July 2, which aims to provide a regulatory framework for crypto asset service providers in Turkey.
In its statement, the CMB clarified that three companies have declared liquidation, while applications from companies that provided incomplete or insufficient information are still under review. The CMB's announcement stressed that inclusion in the "List of Operating Companies" is not the same as obtaining official authorization. Companies must still seek formal approval from the Commission after the enactment of secondary legislation. The list will be updated as companies resolve deficiencies or the CMB completes its investigations.
