Turkey licenses crypto asset service providers through the Capital Markets Board (SPK) under Law No. 7518 amending the Capital Markets Law (in force July 2024) and CMB communiqués, with MASAK supervising AML compliance. Crypto assets cannot be used for payments under the 2021 Central Bank regulation.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | europe |
| Currency | TRY |
| Capital Gains (Personal) | No crypto-specific tax regime in force; a March 2026 proposal for 10% withholding on gains and a 0.03% transaction tax was not enacted |
| Capital Gains (Corporate) | 25% CIT (30% for financial sector companies) |
| VAT on Crypto | No |
Turkey has no enacted crypto-specific tax regime. A March 2026 omnibus bill proposed 10% withholding on crypto gains via licensed platforms and a 0.03% transaction tax, but those provisions were not enacted. Companies are taxed on crypto gains at the 25% corporate rate (30% for financial sector companies).
| Required | Yes |
| Regulator | CMB (Capital Markets Board / SPK, Sermaye Piyasası Kurulu) is the primary licensing regulator. MASAK (Financial Crimes Investigation Board) enforces AML/KYC obligations. BDDK (Banking Regulation and Supervision Agency) is not the primary crypto regulator. |
| Framework | Law No. 7518 on Amendment of the Capital Markets Law (2024) |
| Ease | medium |
Licensing is required under the Capital Markets Law amendments with specific Communiqués detailing requirements for crypto service providers.
Enforcement focused on unlicensed operators and consumer protection
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities fall under the regulated framework of the Capital Markets Law amendments and related Communiqués, requiring compliance with licensing and AML rules.
Status: regulated
Stablecoins are regulated under the Capital Markets Law amendments and must comply with licensing and AML requirements.
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity Cost | $0.15/kWh |
| Renewable Energy | 30% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and 30% renewable energy share. Infrastructure is rated good, supporting mining operations.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 40/100 |
| Banking Access | moderate |
| Sanctions Program Active | Yes |
Risk Factors
Turkey has moderate political stability with ongoing regional tensions and economic volatility. It is not under international sanctions but imposes its own sanctions programs. Banking access for crypto firms is moderate with some restrictions.
Recent Political Events
Turkey licenses crypto asset service providers through the Capital Markets Board (SPK) under Law No. 7518 amending the Capital Markets Law (in force July 2024) and CMB communiqués, with MASAK supervising AML compliance. Crypto assets cannot be used for payments under the 2021 Central Bank regulation.
Istanbul is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-10-01 · Data source: Soken Crypto Legal Map
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