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- Turkey’s surge in crypto licenses highlights its potential as a key player in the global cryptocurrency market.
- New Turkish regulations attract major exchanges, yet notable players like Coinbase haven’t sought licenses yet.
- Turkey ranks 4th globally in crypto trading, reflecting strong adoption despite pending comprehensive legislation.
Turkey is experiencing a notable surge in crypto license applications, highlighting the country’s expanding presence in the global crypto economy. The Turkish Capital Markets Board (CMB) recently announced that 47 cryptocurrency companies have sought licenses under new regulations, marking a significant step in Turkey’s journey toward becoming a key player in the crypto sector.
As reported by Colin Wu, among the applicants are prominent exchanges such as Bitfinex, Binance TR, and OKX TR. However, major global exchanges like Coinbase, Bybit, KuCoin, MEXC, and Gate.io have yet to apply. This disparity highlights the selective nature of the current licensing process and raises questions about the readiness of these exchanges to navigate Turkey’s regulatory environment.
The impetus behind this surge in applications is the rec…
The post Turkey’s Crypto Scene Booms: 47 License Applications appeared first on Coin Edition.