Turkey has a positive attitude to the blockchain, cryptocurrency turnover and their regulation at the legislative level. The authorities, although they warn on the risks due to Bitcoin's volatility, do not prohibit it and other non-fiat currencies. A research commission - a financial group tasked to implement cryptocurrencies in the state - has been created at the Central Bank of the country. Crypto-exchanges and services work in the country, but there is no a detailed, deployed legislative regulation of the field, and the authorities call Bitcoin as a non-compliant to electronic money standards.
Now exchange operations are not limited by licenses for cryptocurrency, the standard taxation regime is applied to them, and the process of their legalization is “launched” at the level of the Government and the Central Bank. Local exchangers work directly with crypto-funds, and Turkey remains a promising jurisdiction for the digital business.
To prepare for obtaining a license for the cryptocurrencies exchange and entering to the European, global level, you will need:
Consulting company "Prifinance" provides legal, consulting and organizational support in setting up a digital business, registering it in the selected jurisdiction and obtaining licenses for cryptocurrency. Our services:
With "Prifinance" you will begin exchange activities and become a full participant in the cryptocurrency market quickly, legally and without bureaucratic troubles.