Regulation for cryptocurrency exchanges! What happens now?

Regulations regarding crypto assets in Turkey shape the future of the sector. With the new regulations, crypto assets, wallets, platforms and service providers are clearly defined. The Capital Markets Board (CMB) has gained the authority to determine the principles regarding the dematerialized issuance, monitoring and regulations of crypto assets. This regulation aims to increase transparency and order in the sector.

Regulation for cryptocurrency exchanges! What happens now?

Click here to download Garanti BBVA Crypto

In addition, it has become mandatory to obtain permission from the CMB for crypto asset service providers to be established and start operating. The information systems and technological infrastructures of these providers must comply with TUBITAK criteria. This step aims to increase the reliability and technical competence of service providers.

Customer safety is also at the forefront. It is mandatory that customer crypto assets be kept separate from the assets of service providers and cannot be pledged. Institutions providing custody services will need to be banks approved by the BRSA or institutions authorized by the CMB.

It will be ensured that prices are formed freely on crypto asset trading platforms and transactions are carried out in a transparent, reliable and competitive manner. Additionally, market-distorting transactions can be detected and prevented. This regulation aims to prevent market manipulations and provide a fair trading environment. Inspection and sanctions also have an important place. The financial and information systems of crypto asset service providers will be audited by independent organizations. If unauthorized activities are detected, content may be removed or access may be blocked.

Garanti BBVA Kripto draws attention with the solutions it offers in crypto asset management. The bank offers a number of innovative features to ensure the security of digital assets. Cold wallet infrastructure is designed to protect digital assets from cyber threats. The offline and multi-signature cold wallet solution allows you to store cryptocurrencies with maximum security. This offers the highest level of protection against digital attacks and data breaches.

Garanti BBVA Crypto is also meticulous about security audits and penetration tests. While the system infrastructure and processes undergo regular internal and external audits, security policies and technical infrastructure are constantly improved through penetration tests. These comprehensive security measures ensure the protection of digital assets.

Real-time 24/7 digital asset monitoring and surveillance service is also offered. Cryptoassets are constantly monitored using blockchain monitoring, cybersecurity products, black money monitoring and fraud control tools. In this way, you can safely track your assets at any time.

Customer support is also an important service offered by Garanti BBVA Kripto. The expert team provides support through the call center at 444 0 365 every weekday between 08:30-17:30. Thanks to its user-friendly interface, you can transfer Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC) and Chiliz (CHZ) digital assets on other cryptocurrency platforms to Garanti BBVA Crypto 24/7 and start using them easily.

The new crypto legislation in Turkey and the advanced security solutions offered by Garanti BBVA Kripto aim to ensure safe and effective management of digital assets.