Turkey regulates cryptocurrencies under the Capital Markets Law No. 7518 (2024) and CMB Communiques III-35/B.1 & B.2 (2025), providing a clear legal framework for crypto activities.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | europe |
| Currency | TRY |
| Adoption Rank | #4 |
| Capital Gains (Personal) | No specific crypto capital gains tax (proposed legislation pending) |
| Capital Gains (Corporate) | 25% corporate tax |
| VAT on Crypto | No |
Specific tax rates for crypto are not detailed on the regulator page; VAT does not apply to crypto transactions.
| Required | Yes |
| Regulator | CMB (SPK) / MASAK |
| Framework | Capital Markets Law No. 7518 (2024) and CMB Communiques III-35/B.1 & B.2 (2025) |
| Ease | medium |
| Cost (USD) | $2,700,000 - $14,000,000 |
Licensing is regulated under the Capital Markets Law and related communiques, requiring compliance with capital market regulations.
Turkish authorities arrested the founder of collapsed exchange Thodex. MASAK has investigated crypto-related money laundering cases. CMB has begun enforcing licensing requirements under the 2024 law.
| Status | Pilot |
| Name | Digital Lira |
| Issuing Authority | Central Bank of the Republic of Turkey |
| Model | retail |
| Technology | TÜBITAK (DLT) |
| 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 capital markets regulations.
Status: regulated
Stablecoins are regulated under the Capital Markets Law and related communiques, requiring issuer licensing and compliance.
Status: Unclear
No NFT-specific regulation. The 2024 crypto law may cover NFTs depending on classification. Turkey has an active NFT art scene.
| Legal | No |
| Electricity Cost | $0.078/kWh |
| Renewable Energy | 42% |
| Infrastructure | fair |
Mining is restricted due to regulatory and energy consumption concerns; infrastructure is moderate with improving internet and data center facilities.
| 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 geopolitical tensions and economic challenges including inflation. It is not under major international sanctions but imposes its own sanctions programs. Banking access for crypto firms is moderate, and internet freedom is partly free.
Turkey regulates cryptocurrencies under the Capital Markets Law No. 7518 (2024) and CMB Communiques III-35/B.1 & B.2 (2025), providing a clear legal framework for crypto activities.
Turkey 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: 2026-09-01 · Data source: Soken Crypto Legal Map
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