47 Crypto Firms, Including Binance and Bitfinex, Apply for Licenses in Turkey
- 47 cryptocurrency firms have applied for operational licenses in Turkey, including prominent names like Bitfinex, Binance, and OKX.
- Major exchanges such as Coinbase and Bybit have not yet applied for licenses.
- Turkey is considering a 0.03% tax on cryptocurrency transactions and is finalizing legal definitions and regulations.
Three cryptocurrency firms have opted to liquidate their operations in Turkey, highlighting the mixed responses from the industry regarding the regulatory landscape.
Turkey’s evolving regulatory framework aims to balance innovation with oversight, potentially leading to a more stable and competitive crypto market. The next few months will be crucial as the country finalizes its legal framework and more companies decide their stance on entering this dynamic market.
