Jurisdiction reference
Turkey
Regulator: CMB (SPK). License/registration context: Licensing. 68 VASP/entity records are tracked by Plexo Institute in Turkey. Official registry source: CMB/SPK VASP. Data last updated: 2026-09-24.
Türkiye does not have a dedicated stablecoin law. In 2021, the Central Bank banned the use of crypto-assets (including stablecoins) for payments. Trading of stablecoins is allowed on exchanges, but there is no licensing or reserve framework specific to stablecoins. Draft crypto legislation is under discussion.
Regulatory Status
- Jurisdiction code
- TR
- Regime
- Licensing
- Regulator
- CMB (SPK)
- Governing law
- Capital Markets Law amendment 2024
- Travel Rule
- Legislated
- Tracked entities
- 68
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed, algorithmic
- Yield-bearing stablecoins
- Restricted
- Currency
- TRY
Regulatory approach
The CBRT oversees monetary policy and payment systems and issued the ban on using crypto-assets for payments.
Licensed entities in Turkey
Showing 11 of 68 regulated-entity records tracked in Turkey by Plexo Institute.
| Entity | Status | License type |
|---|---|---|
| Binance TR Bilisim Teknolojileri | Registered | VASP |
| Bitay Teknoloji | Licensed | VASP |
| Bitci Borsa Teknoloji | Licensed | VASP |
| Bitexen Teknoloji | Licensed | VASP |
| Bluex Kripto Varlık Alım Satım Platformu | Licensed | CASP Active |
| BtcTurk Kripto Para Teknolojileri | Licensed | VASP |
| Coinzo Bilisim Teknolojileri | Licensed | VASP |
| Felixo (Epias) Kripto Teknolojileri | Licensed | VASP |
| Icrypex Kripto Varlik Alim Satim Platformu | Licensed | VASP |
| Narkasa Kripto Para Teknolojileri | Licensed | VASP |
| Paribu Teknoloji | Licensed | VASP |
Browse all 68 records in the regulated-entity registry, including the remaining 57 in Turkey.
Central bank digital currency in Turkey
Plexo Institute tracks 1 central bank digital currency programme in Turkey.
- Digital Turkish Lira — Status: Pilot · Central bank: Central Bank of the Republic of Turkey (CBRT) · Model: Both · Technology: Proprietary
Relationship Graph
Jurisdiction FAQ
Who regulates Turkey?
The current Plexo Institute record lists CMB (SPK) as the regulator for Turkey.
How many VASPs are tracked in Turkey?
68 VASP/entity records are tracked by Plexo Institute in Turkey.
What is the Travel Rule status in Turkey?
The current Plexo Institute record lists the Travel Rule status for Turkey as Legislated.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.