The countdown is coming to an end for cryptocurrency exchanges that want to continue serving users in Turkey. The application deadline for the Capital Markets Board is June 30. Exchanges are finalizing their last preparations to comply with the legal regulations.

With the announcements published on March 13, the first legal step was taken in the regulatory process for cryptocurrency service providers known as cryptocurrency exchanges (KVHS).

In the regulations prepared by the Capital Markets Board, the procedures and principles regarding the establishment, operation, and functioning processes of cryptocurrency exchanges have been determined. While the effective date for a large part of the articles in the regulations is June 30, the deadline for the exchanges' operational applications has also been determined by the regulations.(