There is recently a significant development on the attempts to regulate the cyrpto assets under Turkish legislation. The first regulation with respect to crypto assets was made on 16 April 2021 with the Regulation on Prohibition of Use of Crypto Assets in Payments (“Regulation”) adopted by the Central Bank of…

Background The launch of the e-VEDO: Elektronik Veri Deposu (electronic data repository) project is another reform for Turkish financial markets and conforms to international rules applied to maintain transparency in derivative transactions and reduce systematic risk for financial stability. Within the scope of Capital Market Board’s (CMB) authority to request…