Turkey has a clear legal framework for cryptocurrency under Law No. 7518 on Crypto Assets (2024), providing regulated status for crypto activities.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | europe |
| Currency | TRY |
| Capital Gains (Personal) | 30% capital gains tax |
| Capital Gains (Corporate) | 22% corporate tax on crypto gains |
| VAT on Crypto | No |
| Staking Tax | Taxed as income |
| Airdrop Tax | Taxed as income |
Turkey taxes personal capital gains from crypto at 30%, corporate gains at 22%, and treats staking, mining, and airdrops as taxable income. VAT does not apply to crypto transactions.
| 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) — enacted July 2, 2024, Official Gazette No. 32590. Secondary: CMB Communiqués III-35/B.1 and III-35/B.2 (March 13, 2025, Official Gazette No. 32840). |
| Ease | medium |
Licensing under Law No. 7518 requires compliance with AML and operational standards; process is moderately complex.
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 are regulated under the same framework as other crypto assets, requiring compliance with AML and licensing rules.
Status: specific_framework
Stablecoins are regulated under Law No. 7518 with specific provisions for issuance and custody.
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 good infrastructure, benefiting from 30% renewable energy share.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 40/100 |
| Banking Access | moderate |
Risk Factors
Turkey has moderate political stability with some regional risks and inflation concerns. Banking access for crypto firms is moderate, and internet freedom is partly free.
Turkey has a clear legal framework for cryptocurrency under Law No. 7518 on Crypto Assets (2024), providing regulated status for crypto activities.
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: 2026-06-01 · Data source: Soken Crypto Legal Map
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