As it’s recognized, firstly of July in Turkey, the “Regulation on Amendments to the Capital Markets Regulation” No. 518, publicly generally known as the cryptocurrency regulation, got here into pressure by being printed within the Official Gazette on 02.07.2024.
Inside the scope of this regulation, cryptocurrency service suppliers working or will function in Turkey are positioned below the regulatory and supervision authority of the Capital Markets Board (CMB).
Once more, throughout the scope of this regulation, a one-month preliminary software and transition interval was granted to cryptocurrency exchanges that wished to function in Turkey.
On this context; As of 02.07.2024, platforms that carried out crypto asset service supplier actions and wished to proceed to take action had been required to submit their applicable declarations, along with info, paperwork and explanations, to the CMB in writing by 02.08.2024.
Likewise, platforms which were finishing up crypto asset service supplier actions as of 02.07.2024, however don’t wish to proceed their actions, should submit their statements to the CMB on how they may perform the liquidation course of, together with their declaration that they may take a liquidation determination and that they won’t settle for new clients in the course of the liquidation course of, by 02.08.2024. They needed to submit it in writing.
The deadline for Cryptocurrency Exchanges expires tomorrow, the primary software has arrived!
Whereas the transition interval and the interval granted to cryptocurrency exchanges will finish on August 2, the European-based cryptocurrency alternate WhiteBIT TR has utilized to the CMB to function as a crypto service supplier in compliance with the crypto regulation in Turkey.
Based on DHA information, the inventory alternate named WhiteBIT TR acknowledged that it has utilized to the CMB.
Within the assertion made by WhiteBit TR, it was acknowledged that “Inside the framework of the brand new rules in Turkey, we observe all the mandatory processes to proceed our actions in accordance with Articles 35/B and 35/C of the CMB Regulation and to make sure the safety of our customers on the highest degree.”
Within the information, WhiteBIT TR CEO Volodymyr Nosov mentioned, “As considered one of Europe’s main inventory exchanges, we emphasised the significance we connect to the Turkish market at each alternative. With the clarification of the authorized framework for crypto asset service suppliers in Turkey, we accomplished our preparations in a short while and made our preliminary software. We want to state that we observe authorized developments carefully and act determinedly to guard the rights of our customers. We’re doing our half to adjust to the rules. “We are going to proceed to share developments relating to this course of via our official communication channels.”
Nevertheless, info relating to this software doesn’t but seem on the official web site of the CMB.
WhiteBIT Türkiye olarak Kripto Varlık Düzenlemesi için ön başvurumuzu gerçekleştirdik!
WhiteBIT Teknoloji A.Ş. olarak, Sermaye Piyasası Kurulu’nun 2 Temmuz 2024 tarihinde yürürlüğe giren yeni düzenlemeleri kapsamında ön başvurumuzu tamamladık. pic.twitter.com/eSWBUA3rnL
— WhiteBIT Turkiye (@WhiteBIT_TR) July 31, 2024
