The Capital Markets Board (SPK) published a new announcement on July 2, 2024, under the “Law on Amendments to the Capital Markets Law” regarding cryptocurrency service providers. The announcement included a list of 47 cryptocurrency exchanges and companies that continue their activities and have applied. Additionally, three companies that declared liquidation were also listed. These regulations aim to make the activities of cryptocurrency service providers more transparent and auditable. SPK took necessary steps to regulate and supervise the activities of relevant organizations by requesting specific information and documents.
Active and Liquidation Lists
Organizations that applied to SPK were published in two separate lists under the names “Active List” and “Liquidation Declaration List.” The active list includes organizations that meet certain criteria and continue their activities, while the liquidation declaration list includes organizations that have declared they will terminate their activities. These lists are of great importance for investor safety and the orderly functioning of the market. The organizations listed are as follows:
Organizations that provided incomplete or insufficient information and documents requested by the Board were not included in the active list. It was reminded that these lists would be updated if these organizations complete their deficiencies or if SPK concludes its reviews. Additionally, a list was provided for companies declaring liquidation. The list is as follows:
Authorization Process
SPK also emphasized that the organizations on the active list have not yet been authorized by SPK. These organizations must apply for authorization following the enactment of secondary legislation. The authorization process will be completed after these applications are evaluated by SPK. The authorization process is seen as a critical step to enhance security in the cryptocurrency market and protect investors.
The new regulations were introduced to enhance security in the cryptocurrency market and protect investors. SPK aims to ensure that all organizations operating in this field comply with the legislation and obtain the necessary permits. This aims to make the cryptocurrency market more transparent, reliable, and regulated. SPK’s announcement provided an important roadmap for cryptocurrency service providers.
