As it’s recognized, at the start of July in Turkey, the “Legislation on Amendments to the Capital Markets Legislation” No. 518, publicly often known as the cryptocurrency legislation, got here into pressure by being printed within the Official Gazette on 02.07.2024.
Inside the scope of this legislation, cryptocurrency service suppliers working or will function in Turkey are positioned beneath the regulatory and supervision authority of the Capital Markets Board (CMB).
Once more, throughout the scope of this legislation, a one-month preliminary utility and transition interval was granted to cryptocurrency exchanges that needed to function in Turkey.
On this context; As of 02.07.2024, platforms that carried out crypto asset service supplier actions and needed 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 have been 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 are going to perform the liquidation course of, together with their declaration that they are going to take a liquidation choice and that they won’t settle for new prospects throughout the liquidation course of, by 02.08.2024. They needed to submit it in writing.
The deadline for Cryptocurrency Exchanges expires tomorrow, the primary utility has arrived!
Whereas the transition interval and the interval granted to cryptocurrency exchanges will finish on August 2, the European-based cryptocurrency change WhiteBIT TR has utilized to the CMB to function as a crypto service supplier in compliance with the crypto legislation in Turkey.
In accordance with DHA information, the inventory change named WhiteBIT TR said that it has utilized to the CMB.
Within the assertion made by WhiteBit TR, it was said that “Inside the framework of the brand new rules in Turkey, we observe all the required processes to proceed our actions in accordance with Articles 35/B and 35/C of the CMB Legislation and to make sure the safety of our customers on the highest stage.”
Within the information, WhiteBIT TR CEO Volodymyr Nosov stated, “As certainly 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 utility. 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’ll proceed to share developments relating to this course of by our official communication channels.”
Nonetheless, info relating to this utility 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