Turkey — crypto regulation

Status: legal · Last reviewed 2026-11-05

Comprehensive framework under Law No. 7518 (Jul 2024) amending the Capital Markets Law. CMB/SPK licenses all CASPs with minimum TRY 100M capital. FATF-aligned Travel Rule effective Feb 2025. Proposed 10% crypto tax was introduced then withdrawn by parliament (Mar 2026). Digital Turkish Lira CBDC Phase 2 completed (Nov 2025). One of the world's largest crypto markets (~$200B volume in 2025).

Legislation

• Law No. 7518 — Amendment to the Capital Markets Law (2024)
• CBRT Payment Ban Regulation (2021)
• Law No. 5549 (AML Law) — VASP Amendment (2021)
• CMB Communique III-35/B.1 — CASP Founding & Operational Principles (2025)
• CMB Communique III-35/B.2 — Working Principles & Capital Adequacy (2025)
• MASAK AML/CTF Amendment — Travel Rule (2025)