Turkish crypto currency The second arrangements, which are extremely important for their investors, have just been published. The details shared in the Official Gazette contain important details about the responsibilities and obligations of the stock exchanges. Crypto asset service providers or investors have to comply with the new regulations in the Crypto Money Exchange 2 Communiqués.
Crypto money arrangement
Published in the Official Gazette dated 13 March 2025 “Crypto The regulations introduced within the scope of the working procedures and principles of asset service providers and the Communiqué on Capital Competence concern the crypto currency exchanges. Prepared on the basis of Articles 35/B and 35/C of the Capital Markets Law No. 362, the regulation refers to many details from the issues such as capital adequacy to the CMB permit.
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Capital adequacy
The establishment capital was determined as 150 million TL for crypto currency platforms. Capital obligation for storage organizations is 500 million TL. Considering that these figures are minimum, local exchanges and banks and other organizations who want to provide crypto money storing services will have to allocate a significant amount of cash.
Platforms and storage organizations need to provide certain equity rates. Crypto asset The debts of the service providers cannot exceed three times the base of capital adequacy. As well as short -term debts, platforms must have a rotating assets.
Reconciliation System and Reporting
With the Central Registration Organization (MKK) crypto currency Stock exchanges and platforms that provide storage services will work integrated. The financial situation and capital adequacy tables will be reported to the CMB monthly (Türkiye’s SEC).
95 %of customer assets will be kept in the stock exchange in the storage organization and the rate will not be 90 %to 10 %. This threshold will not be passed. According to the assessment made by E. Mümtaz Hacıpaşaoğlu, this communiqué also brings the following obligation;
“The stock exchanges are obliged to have liquid reserves at the rate of 3 %of their customer assets. (Although most of the load is in storage institutions, the presence of 3 %of 5 %of the liquid reserves made us think that we did not take enough lessons from big crises.) ”
Other details
General Managers and Assistants employed by the stock exchanges should have at least 7 years of experience in financial markets, information technologies or financial technologies. There is a requirement that the Board should give the appropriate opinion.
The stock markets have to inform KAP anymore, including the listing procedure. The shareholder change in the stock markets will be tested to the Board’s approval. ADVERTISING CAMPAIGNS ADVERTISEMENTS, ADVERTISINGS, PROMOTIONS AND INFORMATION ACTIVITIES OF CRPTO Asset Service providers are subjected to certain rules. Advertisements that are misleading, deceptive, illusion or abuse customer ignorance are prohibited and that advertising content is compulsory to be based on transparent, objective and verifiable data. Some statements are prohibited from being used in advertisements (the following articles are the explanation of the rules in the Communiqué to be an example);
- Expressions such as “You can make a definite profit”, “you can invest without risk”, “you never harm” are prohibited.
- The such statements for certain professional groups or community segments cannot be used: “A great investment opportunity for university students!”, “Additional income gate for housewives!”
- Expressions such as ün enlarge your investment by attracting loans ”and ın earn more by borrowing” are forbidden. Improved the use of leveraged and credit.
- “CMB is approved”, “state guarantee”, “bank guaranteed” can not be used.
- Expressions such as “Crypto investment is risk -free” and “always rising market” cannot be used.
- “500 %earning opportunity in a short time!” “Buy now, fold your money in 1 week!” “X Token will rise 100 %, don’t miss it!” promises of fast earnings in style.
- Advertising is prohibited without specifying that it is sponsored content through influencer or phenomena. (This is a detail about the previous general phenomenon advertising arrangement)
The items that prevent the use of the above samples and contained in the notification are as follows;
- Phrases that the customer will gain or not harm in any situation
- Promotion of specific professional groups or specific segments of the society
- Guaranteed or safe transaction promises
- Allegations of speculative earnings without a statistical or concrete basis
- Expressions that crypto asset transactions do not carry risks
- Crypto asset Service providers’ ads need to be objective and are prohibited from misleading, deceptive, speculative or exploiting the deficiencies of customers.
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.
