TURKEY CRYPTO REGULATIONS...

#Btc #elg #escoin #doge #FollowTheLeadTrader
• Scope and Purpose:
The communiqué published by the SPK aims to increase transparency and security in the sector by regulating the establishment, operations, customer protection, and internal auditing processes of cryptocurrency service providers in Turkey.
• Establishment Conditions:
Service providers will be established only as joint-stock companies; the transparency of the partnership structure, all shares being registered, and the minimum capital requirement is 150 million TL for the exchange, 500 million TL for the custodian institution.
• Activity Licenses and Security:
Establishing information systems compliant with TÜBİTAK criteria, along with the integration of hot and cold wallets, will ensure the security of customer assets. It is anticipated that platforms will store customer assets in authorized custody institutions at a rate of 95%. (Reuters, 2025).
• Customer Protection and Supervision:
Risk notification forms, electronic contracts, and internal control systems will protect investors' rights, while platforms will be subject to independent audits at least once a year.
• External Service Procurement:
By applying strict technical and security requirements in service procurement, cooperation with public institutions and supervision mechanisms will be strengthened.