Central Registration Organization (MKK), Türkiye’s securities by adding crypto money to the backbone Crypto Asset Central Registration SystemHe officially activated his (KVMKS). The new platform requires crypto currency service providers (stock exchanges and platforms) to report the first sales, swap, transfer and storage data to the MKK instantly. Investors MKK e-educator It will be able to compare its own wallet balances with platform data from the application, so that it will be able to see where and how much their assets are really held through an independent authority. Istanbul financial circles Türkiye’s development Crypto Money MarketHe interpreted it as the most tangible arrangement that permanently connects to the local capital market legislation.
Scope and Operation of Crypto Money Central Registration System
Capital Markets BoardTwo separate communiqués issued by the CMB (CMB) on March 13, 2025 clarified which role MKK would take on the crypto currency transfer cycle. KVMKSSimultaneously collects customer asset balances, storage movements and transfer records of platforms simultaneously. Thus, both user funds and cold wallet balances are compiled in a single database. In this way, authorized auditors can immediately notice possible deficits.
System Classic Securities Record Logic crypto currency Since it adapts to its infrastructure, it creates a safe bridge between the stock-in-house transactions and the in-chain transfers. The invariance of the records and the protection of time -protected reduces the abuse of investor rights while strengthening investor rights.
MKK announced that the KVMKS integration from the stock exchange, platform and storage organizations in the “List of Activities üzerinde on the CMB website will not accept the application permit before completing. Organisation, Crypto currency exchangesIt has set the deadline for technical integration as of the end of May, which has initiated system tests as of the end of May.
The process includes simultaneous API controls with FIX -based data flow. Thus, the software working in the field will be proved to be rewarded by real -time stress tests. MKK resources emphasizes that infrastructure developments continue “intensively ve and the first pilot data flow will be moved to the production environment in the middle of June.
How do experts see the effects of integration on the sector?
Analyst GÜVENÇ KOÇKAYAHe pointed out that KVMKS is a legal jumpboard. According to him, the acceptance of the crypto currency to the official registration system opens a direct door to the banking system beyond recognizing crypto money. The definition of “being reported ında in the legislation offers clear authorities to financial intermediaries. Koçkaya said, “The US still has not made a similar reporting.
Although domestic platform representatives acknowledge that integration will initially create an operational cost, it thinks that the international investor will change the view of the Turkish market in the long run. The central registration mechanism may reduce the perception of platform risk of corporate funds, especially as it will close the gray areas on the storage side. Lawyers argue that the verification of user account balances by a third party can prevent the collapse scenarios seen in the past.
Some experts expect the records to be resolved earlier thanks to the fact that the records are parallel to Blockchain. Thus, market transparency will be increased for all local-foreign market stakeholders.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
