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<ul><li>Turkey&#39;s new crypto law leads 47 firms to apply for licenses, boosting regulation.</li><li>Binance TR, Bitfinex apply for licenses, while Coinbase and others are yet to act.</li><li>The country&#39;s crypto market sees tighter control as license reviews continue.</li></ul>Turkey&#39;s crypto landscape is undergoing significant changes as 47 companies have applied for licenses to operate under a newly introduced regulatory framework. This wave of applications follows the enactment of the “Law on Amendments to the Capital Markets Law,” which became effective on July 2. Among the applicants are prominent exchanges such as Bitfinex, Binance TR, and OKX TR.However, other major players, including Coinbase, Bybit, KuCoin, MEXC, and Gate, have yet to submit their applications, raising questions about their future in Turkey&#39;s evolving crypto market.The recent surge in license applications can be directly attributed to Turkey&#39;s new legislative efforts. The “Law on Amendments to the Capital Markets Law” has provided a much-needed regulatory framework for crypto asset service providers, signaling Turkey&#39;s intent to regulate this rapidly growing sector.The Capital Markets Board (CMB) clarified in a recent statement that three companies have declared liquidation. At the same time, applications from those with incomplete or inadequate information are still under review. The CMB <a href="https://spk.gov.tr/kurumlar/kripto-varlik-hizmet-saglayicilar/faaliyette-bulunanlar-listesi" rel="noopener noreferrer nofollow">emphasized</a> that being included in the “List of Those in Operation” does not constitute official authorization. Formal approval from the board is required once secondary legislation is enacted.<a href="https://cryptotale.org/47-crypto-firms-seek-turkey-licenses-coinbase-bybit-yet-to-submit-applications/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

47 Crypto Firms Seek Turkey Licenses: Coinbase, Bybit Yet To Submit Applications

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