In a significant regulatory move, Turkey introduced new legislation this year to address the standards for cryptocurrency exchanges. This step aims to formalize and regulate the rapidly growing crypto market within the country.
The Capital Markets Board (SPK), which functions similarly to the U.S. Securities and Exchange Commission (SEC), will oversee the implementation and enforcement of these new standards. The aim is to ensure a secure and transparent environment for crypto trading.
These regulations come at a crucial time as cryptocurrency adoption increases in Turkey, necessitating robust oversight to protect investors and maintain market integrity.
