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<a href="https://optimisus.com/market/market-news/turkey-to-complete-its-crypto-regulation-framework/" rel="noopener noreferrer nofollow">Turkey</a> has witnessed a surge in crypto platform licensing, with the number of licensed platforms skyrocketing from 47 to 76. This growth is directly linked to implementing the &#34;Capital Markets Legislation Amendment Law&#34; in July 2024, which introduced stricter regulations for cryptocurrency service providers.The move comes as Coinbase, among other global exchanges, seeks more regulated jurisdictions amid regulatory challenges in its home market. Turkey&#39;s revised regulatory framework has positioned the country as an attractive option for expansion.However, obtaining a license is not a guarantee. The Capital Markets Board (CMB) imposes rigorous standards on applicants, demanding comprehensive operational details and strict adherence to Turkish regulations. This stringent approach aims to safeguard investors and create a secure trading environment.Turkey&#39;s regulatory overhaul aligns with <a href="https://optimisus.com/market/market-news/turkey-is-taking-steps-to-propose-fresh-legislation-concerning-crypto/" rel="noopener noreferrer nofollow">a broader regional trend of increased cryptocurrency oversig</a>ht in the Middle East and North Africa, reflecting the industry&#39;s global growth and the need for robust regulatory frameworks.

Turkey's Crypto Boom: License Count Soars to 76

Optimisus

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