Central Registry Agency (MKK) has launched the Crypto Asset Central Registry System (KVMKS), which will enable central tracking of crypto assets and investor transactions traded in Türkiye. explained.
With the system developed by MKK, it is aimed to integrate crypto asset data, which was not previously recorded in a central structure, into the institution. Within the scope of KVMKS, information regarding customer balances and buying-selling, transfer, deposit, withdrawal and storage transactions transmitted by crypto asset service providers are recorded.
Thanks to the new system, it is aimed to analyze the data regarding the crypto asset market in Türkiye more accurately and report it regularly to the authorized institutions. MKK stated that KVMKS creates an official tracking mechanism for the crypto asset market and is among the leading applications in the world in this respect.
According to the data shared as of July 15;
- Market value: 140 billion TL
- Number of investors: 3.2 million people
It was reported that 7 depository institutions and 46 platforms, which are on the Capital Markets Board’s list of active crypto asset service providers, have completed the integration process. Thus, a total of 53 crypto asset service providers were connected to KVMKS.
MKK announced that it offers technical support, system updates and infrastructure improvements to platforms and depository institutions. Thanks to the developed API integrations and common data standards, it is aimed for sector organizations to comply with technical requirements and to transfer instant, accurate and standardized data to regulatory institutions.
Investors will also be able to follow their balances and transaction records reported by crypto asset service providers through MKK’s e-INVESTOR application. Thus, investors will be able to control their crypto assets through a single application, as in capital market instruments.
