-Rooted Regulations for the Cryptocurrency Market in Turkey: CMB Announces! -
While the CMB continues to rapidly regulate cryptocurrencies, new regulations have been introduced according to the latest bulletin.
Regulations for the cryptocurrency market in Turkey continue unabated. The Capital Markets Board (CMB) has focused on expanding investor protection measures regarding cryptocurrencies.
According to new information shared in the CMB bulletin, the institution has announced a comprehensive set of new rules to regulate the cryptocurrency market and protect investors. Within the scope of the amendments made to the Capital Markets Law No. 7518, significant changes are coming for crypto asset service providers and platforms.
In its statement, the CMB first touched upon advertising campaigns, advertisements and announcements such as referral programs:
''In the applications made to our Board, it was observed that there were different application examples in the collection and storage of customer cash, customer orders were also received through various social media applications, it was planned to list crypto assets within the scope of activities carried out in matters falling within the authority and regulation area of ââother regulatory institutions and organizations in our country within the scope of the relevant legislation, the place of some assets within the scope of the Law should be determined in terms of listing principles and there is a need to make regulations on advertisements, advertisements, announcements and campaigns of platforms and other issues aimed at protecting investors.''
In parallel with this, promotional campaigns that offer a certain return guarantee to their customers, encourage them to invest in one or more crypto assets or provide any benefit or advantage to individuals who bring customers to the platform or to the customers they bring.
Such campaigns will not cause investor grievances as of the date of the decision.
