SPK Communiques III-35/B.1 and III-35/B.2 are the principal implementing regulations under Turkey's Law No. 7518. They detail establishment and activity conditions for CASPs, set operational, governance and internal-control requirements, and establish capital-adequacy and continuing compliance rules for CASP applicants and licensed operators under the amended Capital Markets Law.
Regulationeffective
Tebliğler III-35/B.1 ve III-35/B.2 — Kripto Varlık Hizmet Sağlayıcılarına İlişkin Tebliğler
Also known as: Communiques III-35/B.1 and III-35/B.2 — CASP Establishment, Operations and Capital Adequacy
Turkey Capital Markets Board of Turkey (SPK)
Overview
Key Details
Jurisdiction
TurkeyRegulator
Capital Markets Board of Turkey (SPK)
Law Type
Regulation
Status
In ForceOfficial Law Number
Communique III-35/B.1; Communique III-35/B.2
Official Title
Tebliğler III-35/B.1 ve III-35/B.2 — Kripto Varlık Hizmet Sağlayıcılarına İlişkin Tebliğler
Enacted Date
March 13, 2025
Effective Date
March 13, 2025
Who This Law Applies To
CASP applicants and operators subject to Turkey's amended Capital Markets Law under SPK supervision.
Key Requirements
- Details establishment and activity conditions for crypto-asset service providers in Turkey.
- Sets operational, governance and internal-control requirements for CASPs.
- Establishes capital-adequacy and continuing compliance obligations for licensed operators.
Official Sources
Official indirect sourceLink Official Gazette text for both communiques as primary source. Relate to Law 7518. Preserve both communique references.
Related Laws
AmendmentIn ForceTurkey
Law No. 7518 Amending the Capital Markets Law — Crypto Asset Service Providers
Sermaye Piyasası Kanununda Değişiklik Yapılmasına Dair Kanun No. 7518
Added August 29, 2026Effective: July 2, 2024Ref: Law No. 7518
Turkey's Law No. 7518 amends the Capital Markets Law to place crypto-asset service providers (CASPs) under regulation and supervision by the Capital Markets Board of Turkey (SPK). It creates authorisation, governance, custody and enforcement foundations for the CASP sector, requires transition of existing operators and supports the secondary regulation framework implemented through SPK communiques.
LicensingExchangesAML/KYC
spk.gov.trView Law Profile
OtherIn ForceJurisdiction unavailable
Decision No. E/35/2023 — VASP Registration and AML/CFT Instructions
Decision No. E/35/2023 on Virtual Asset Service Provider Registration, Cancellation of Registration and AML/CFT Instructions
Added August 29, 2026Ref: Decision No. E/35/2023
Oman's FSA Decision No. E/35/2023 requires registration with the Oman Financial Services Authority (formerly Capital Market Authority) before carrying on covered virtual-asset activities in the Sultanate of Oman. It implements AML/CFT, governance and compliance requirements, and provides registration, cancellation and supervisory procedures. This is a VASP registration/AML regime and should be distinguished from any future full licensing framework.
LicensingAML/KYCExchanges
fsa.gov.omView Law Profile
RegulationPartially EffectiveJurisdiction unavailable
BCB Resolutions No. 519, 520 and 521 of 2025 — Virtual Asset Regulatory Framework
Resoluções BCB nos. 519, 520 e 521, de 10 de novembro de 2025
Added August 29, 2026Ref: BCB Resolution No. 519/2025; No. 520/2025; No. 521/2025
Brazil's Central Bank (BCB) Resolutions No. 519, 520 and 521 of 10 November 2025 implement the virtual-asset regulatory framework under the supervision of the Central Bank. Resolution 519 establishes VASP authorisation procedures; Resolution 520 sets activity, governance, controls, security and conduct requirements; Resolution 521 integrates specified virtual-asset operations into Brazil's foreign-exchange and international-capital rules. Commencement is staged during 2026 — verify the effective date for each resolution separately.
LicensingExchangesAML/KYCConsumer Protection+1 more
bcb.gov.brView Law Profile
OtherCurrent International StandardJurisdiction unavailable
IOSCO Policy Recommendations for Crypto and Digital Asset Markets (2023)
Policy Recommendations for Crypto and Digital Asset Markets — Final Report (FR11/2023)
Added August 29, 2026Ref: FR11/2023
The IOSCO Policy Recommendations for Crypto and Digital Asset Markets (2023) contain 18 recommendations grounded in the principle of consistent regulation of economically equivalent activities. They address conflicts of interest, market manipulation, custody, disclosure, retail risks and cross-border cooperation. IOSCO recommendations are not self-executing domestic law — implementation depends on member regulators in their respective jurisdictions.
SecuritiesExchangesConsumer Protection
iosco.orgView Law Profile
ActIn ForceJurisdiction unavailable
Utility Token Offering Act, 2018 (Act No. 4/2018)
Utility Token Offering Act, 2018 (Act No. 4 of 2018)
Added August 29, 2026Ref: Act No. 4 of 2018
Anguilla's Utility Token Offering Act 2018 (Act No. 4/2018) is one of the world's earliest purpose-built utility-token offering frameworks. It creates registration requirements for utility-token issuers, sets offering, disclosure and issuer-qualification conditions, and works with AML regulations and later amendments. Verify the most recent consolidation — a 2020 amendment may affect the effective/status fields.
Token IssuanceLicensing
wca-ai.gov.aiView Law Profile
RegulationPartially EffectiveJurisdiction unavailable
SBS Resolution No. 02648-2024 — AML/CFT Rules for VASPs
Resolución SBS N.° 02648-2024 — Normas para la Gestión de Riesgos de LA/FT aplicable a PSAVs
Added August 29, 2026Effective: August 2, 2024Ref: Resolución SBS No. 02648-2024
Peru's SBS Resolution No. 02648-2024 applies AML/CFT risk-management and compliance duties to virtual asset service providers (PSAVs) supervised by UIF-Peru. It requires customer due diligence, recordkeeping and suspicious-transaction reporting. The resolution also contains a travel-rule chapter, but commencement of the travel rule has been deferred to 1 January 2029 through a later amendment — the travel rule is not currently effective.
AML/KYCExchangesPayments
sbs.gob.peView Law Profile
