TURKEY SEES SURGE IN CRYPTO LICENSE APPLICATIONS AS NEW RULES TAKE EFFECT

Turkey's crypto market is heating up as 47 firms, including Bitfinex, Binance TR, and OKX TR, seek licenses under new regulations.

The rush follows a recent law aimed at regulating crypto asset providers. The CMB warns that being listed as "in operation" doesn’t mean full approval—secondary legislation is still pending.

Despite no comprehensive crypto law, Turkey's market is not unregulated, with key rules already in place.

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