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Crypto law in Turkey, Law No. 7518, SPK regulations, MASAK notifications and 2025 regulation updates. Legal framework for crypto asset service providers.
Turkey's crypto sector has been brought into a legal framework with Law No. 7518 "Law on Amending the Capital Markets Law" which came into effect on July 2, 2024. In this guide, we will examine in detail the crypto law, SPK regulations and 2025 regulation updates.
Law No. 7518, which came into effect on July 2, 2024, has created the legal framework for crypto assets.
Purpose of the Law:
1. Crypto Asset Definition
The law defines crypto asset as:
"Crypto asset refers to assets that are created virtually using distributed ledger technology or similar technology, shared in electronic environment and stored digitally, can be transferred digitally regardless of whether they have a counterpart, can be used as a payment instrument or can be evaluated as an investment instrument."
2. Crypto Asset Service Provider Definition
Crypto asset service provider refers to persons or organizations that carry out the following activities:
3. License Requirement
Joint Stock Company Requirement:
Capital Requirements:
Company Title:
Establishment Permit:
Application Documents:
Review Process:
Operation Permit:
Requirements:
Application Process:
Segregation:
Security Standards:
Information Obligations:
Obligations:
Crypto asset service providers are considered obligated parties under the Law on Prevention of Laundering of Proceeds of Crime.
1. MASAK Notification:
2. Suspicious Transaction Reporting:
3. Customer Identification (KYC):
4. Record Keeping:
Law No. 6698:
Crypto asset service providers are considered data controllers under the Personal Data Protection Law.
Obligations:
Information Obligation:
Explicit Consent:
Data Security:
Data Controller Notification:
As of 2025:
There is no clear regulation regarding taxation of gains from crypto assets. However:
Corporate Tax:
VAT:
Income Tax:
2025-2026 Forecasts:
Central Bank Regulation (2021):
Law No. 7518:
Segregation Rule:
1. SPK License Processes:
2. Tax Regulations:
3. MASAK Applications:
4. International Compliance:
Get professional support on crypto law and regulations:
✅ Legal consultancy (SPK regulations)
✅ Compliance consultancy (MASAK, KVKK)
✅ Tax consultancy
✅ Technical infrastructure (KYC/AML systems)
Contact:
Crypto law in Turkey has been brought into a legal framework with Law No. 7518. Important points:
Follow current regulations and get professional support. We are with you! 🚀
Law No. 7518 "Law on Amending the Capital Markets Law" came into effect on July 2, 2024. This law regulates crypto asset service providers in Turkey, requiring SPK (Capital Markets Board) licenses, capital adequacy, and compliance with regulatory requirements.
Law No. 7518 requires crypto asset service providers to obtain SPK licenses (establishment + operation permit), maintain minimum 50 million TL capital, complete MASAK notification, comply with KVKK (data protection), implement customer protection measures, and maintain segregation of customer assets.
SPK license is mandatory for crypto asset service providers under Law No. 7518. Companies must obtain both establishment permit and operation permit from the Capital Markets Board. The license process involves meeting capital requirements, security standards, and compliance obligations.
MASAK (Financial Intelligence Unit) notification is mandatory for crypto companies from May 1, 2025. Companies must implement AML/CFT (anti-money laundering and combating financing of terrorism) systems, report suspicious transactions, and maintain transaction records as required by law.
The minimum capital requirement is 50 million Turkish Lira (TL) for crypto asset service providers. This capital must be fully paid and maintained throughout operations. Additional capital may be required based on business volume and risk profile.
Non-compliance can result in license revocation, fines, legal penalties, business closure, and criminal liability for executives. SPK has authority to suspend operations, impose fines, and take legal action. Companies operating without licenses face severe penalties.
Foreign companies can operate in Turkey but must comply with Law No. 7518, obtain SPK licenses, meet capital requirements, and comply with all regulatory obligations. Foreign ownership restrictions may apply. Professional legal consultation is essential for foreign companies.
Customer asset segregation requires crypto companies to keep customer assets separate from company assets. This protects customer funds in case of company insolvency or bankruptcy. Segregation is mandatory and must be maintained at all times.
Crypto companies must report to SPK regularly, maintain transaction records, report suspicious activities to MASAK, comply with KVKK data protection requirements, and provide customer information as required by law. Reporting frequency and content depend on business type and volume.
To ensure compliance, obtain SPK license, complete MASAK notification, maintain required capital, implement security measures, establish KYC/AML systems, comply with KVKK, maintain customer asset segregation, and get regular legal and compliance audits. Professional support is recommended.
Law No. 7518 "Law on Amending the Capital Markets Law" came into effect on July 2, 2024. This law regulates crypto asset service providers in Turkey, requiring SPK (Capital Markets Board) licenses, capital adequacy, and compliance with regulatory requirements.
Law No. 7518 requires crypto asset service providers to obtain SPK licenses (establishment + operation permit), maintain minimum 50 million TL capital, complete MASAK notification, comply with KVKK (data protection), implement customer protection measures, and maintain segregation of customer assets.
SPK license is mandatory for crypto asset service providers under Law No. 7518. Companies must obtain both establishment permit and operation permit from the Capital Markets Board. The license process involves meeting capital requirements, security standards, and compliance obligations.
MASAK (Financial Intelligence Unit) notification is mandatory for crypto companies from May 1, 2025. Companies must implement AML/CFT (anti-money laundering and combating financing of terrorism) systems, report suspicious transactions, and maintain transaction records as required by law.
The minimum capital requirement is 50 million Turkish Lira (TL) for crypto asset service providers. This capital must be fully paid and maintained throughout operations. Additional capital may be required based on business volume and risk profile.
Non-compliance can result in license revocation, fines, legal penalties, business closure, and criminal liability for executives. SPK has authority to suspend operations, impose fines, and take legal action. Companies operating without licenses face severe penalties.
Foreign companies can operate in Turkey but must comply with Law No. 7518, obtain SPK licenses, meet capital requirements, and comply with all regulatory obligations. Foreign ownership restrictions may apply. Professional legal consultation is essential for foreign companies.
Customer asset segregation requires crypto companies to keep customer assets separate from company assets. This protects customer funds in case of company insolvency or bankruptcy. Segregation is mandatory and must be maintained at all times.
Crypto companies must report to SPK regularly, maintain transaction records, report suspicious activities to MASAK, comply with KVKK data protection requirements, and provide customer information as required by law. Reporting frequency and content depend on business type and volume.
To ensure compliance, obtain SPK license, complete MASAK notification, maintain required capital, implement security measures, establish KYC/AML systems, comply with KVKK, maintain customer asset segregation, and get regular legal and compliance audits. Professional support is recommended.