Buy a licensed company 
VASPs live data and insights 
Learn about crypto safety 
Read the latest research 
How to Get a CASP License in Türkiye: Access a Thriving Crypto Market
Why Türkiye – Türkiye in Numbers
| Category | Score | Description |
| Regulatory Environment | 4/5 | Türkiye has a developing regulatory framework for CASPs, with strong oversight by the CMB and AML measures via MASAK. |
| Market Accessibility | 4.5/5 | Positioned as a gateway between Europe and Asia, Türkiye offers access to a vast, crypto-savvy market. |
| Talent Pool | 4/5 | With 33 universities offering blockchain courses and a high number of crypto-related jobs, Türkiye has a vast talent pool. |
| Cost-Effectiveness | 4/5 | Licensing and operational costs are moderate. |
| Consumer Adoption | 5/5 | Türkiye ranks 4th globally in crypto adoption. |
A Leading Crypto Market
- Ranked 4th Globally: Türkiye ranks among the top nations for crypto adoption and market activity.
- High Crypto Ownership: With 19.3% ownership, Türkiye has 16.5 million crypto users.
Strong Ecosystem
- Crypto Exchange Traffic: Türkiye records 215.8 million annual visits to crypto exchanges.
- Locations Accepting Bitcoin: 33 locations nationwide accept Bitcoin, promoting real-world crypto use cases.
- Blockchain Jobs: 169 blockchain-related jobs highlight the country’s growing talent pool and innovation.
Regulatory Preparedness
- Comprehensive Oversight: Managed by the Capital Markets Board (CMB), Türkiye enforces strict compliance standards for CASPs.
- First-Mover Advantage: Early applicants to the CASP licensing framework gain a competitive edge in a maturing market.
Economic and Population Advantages
- Large Population: Türkiye’s 85.8 million population provides businesses with a vast customer base.
- High GDP: With a GDP of $1.1 trillion, Türkiye offers significant economic opportunities for crypto businesses.
Education and Talent Development
- Blockchain-Focused Universities: 33 out of 209 universities offer blockchain-related courses, fueling the talent pipeline.
- Innovative Environment: 117 blockchain patents in 2023 showcase Türkiye’s commitment to technological advancement.
Sustainability and Energy Use
- Renewable Energy Rank: Ranked 5th globally for renewable energy use, Türkiye integrates sustainability into its digital economy.
- Bitcoin Mining Presence: Minimal at 0.05%, aligning with low-carbon goals.
Financial and Infrastructure Benefits
- Crypto Banks: Türkiye hosts one registered crypto bank, facilitating seamless crypto-to-fiat transactions.
- CBDC Innovation: Türkiye’s central bank is in the proof-of-concept stage for its CBDC.
Geographic and Strategic Importance
- Gateway to Europe and Asia: Türkiye’s unique geographic position enables easy expansion to multiple markets.
Full-Service Solution – We Handle Every Steo
Fully Remote Process
Obtain your CASP license without ever traveling to Türkiye. We manage everything remotely, including documentation and regulatory compliance.
Efficient Licensing Timeline
Get a competitive edge by being an early entrant. Licensing takes 3–6 months with streamlined guidance from our team.
Comprehensive Compliance Solutions
Our services include AML/KYC frameworks, company incorporation, and local representation to meet Türkiye’s regulatory requirements.
Access to Türkiye’s Thriving Crypto Market
Ranked 4th globally in crypto adoption, Türkiye offers unparalleled opportunities with 19.3% of its population owning digital assets.
Trusted by Industry Leaders
Global companies rely on our expertise and in-depth local knowledge to navigate Türkiye’s regulatory landscape effectively.
Why Choose a CASP License in Türkiye?
Early Advantage
Türkiye’s licensing process is still in its early stages. Therefore, it is a good opportunity for businesses to establish themselves before stricter conditions potentially emerge. Early crypto license in Türkiye helps you secure market credibility for the long-term operational stability of your company.
Strategic Access
Türkiye is becoming a name in terms of crypto adoption globally. It has a large, active user base and a growing market demand. Furthermore, it bridges Europe, Asia, and the Middle East due to its geographical position, which could make Türkiye a strategic hub for regional expansion.
Regulatory Framework
Türkiye’s regulators such as the Capital Markets Board (CMB) and MASAK adopt a crypto-friendly approach. The licensing process is still developing, but there is relatively clear oversight of these institutions to make sure that there is a balance between innovation and compliance.
Local Adoption
There is growing demand for exchanges, custodians, and other service providers due to the high crypto usage among Türkiye citizens. A crypto license in Türkiye offers immediate access to this relatively well-informed and active crypto community.
Long-Term Compliance
Licensing in Türkiye makes sure that your company is compliant with local AML/CTF regulations and positions your business for future global regulatory developments. Therefore, a crypto license in Türkiye provides your business early presence that is flexible and adaptable to evolving rules.
What You Get
We provide end-to-end support for obtaining your CASP license in Türkiye, Below is a list of the whole range of our licensing and compliance solutions:
- CASP Licensing
- Full guidance on applying to the Capital Markets Board (CMB) for licensing.
- Assistance with compiling and submitting the required application package, including AML/CTF measures to MASAK.
- Local company incorporation and setup as a joint-stock company in compliance with Turkish regulations.
- Company Incorporation
- Formation of a joint-stock company with a minimum paid-up capital of 50 million TRY.
- Structuring the board of directors to meet the minimum requirement of three members.
- Tailored support for drafting articles of association and cash capitalization.
- Regulatory Compliance
- Development of AML and CTF frameworks aligned with MASAK requirements.
- Liaison with TÜBİTAK for technical specifications as new requirements emerge.
- Guidance on preparing for future audits and regulatory submissions.
- Banking and Financial Integration
- Assistance with setting up corporate bank accounts in Türkiye.
- Advisory on integrating fiat-to-crypto services, ensuring operational readiness for your business.
- Local Representation and Language Compliance
- Dedicated support to ensure all website and mobile application content complies with Türkiye’s prohibition of using the Turkish language without a license.
- Strategies to establish a credible local presence for enhanced market integration.
- Post Licensing Support
- Ongoing compliance monitoring to meet regulatory obligations.
- Regular updates and training on new technical and regulatory requirements from TÜBİTAK and MASAK.
- Strategic Market Entrance
- Advisory on leveraging Türkiye’s geographic advantage for expansion into Europe, the Middle East, and Asia.
- Market insights to align your business model with Türkiye’s crypto-friendly ecosystem.
Your Journey to Regulation (Step-by-Step)
We make the CASP licensing journey easy for your business.
- Initial Consultation
Overview:
Begin with a free consultation to assess your goals and clarify the requirements for the CASP license in Türkiye.
Purpose:
We tailor our services to your business needs and provide expert insights into Türkiye’s regulatory landscape.
- Company Incorporation
Process:
Form a joint-stock company (JSC) with a minimum paid-up capital of 50 million TRY.
Draft and finalize articles of association and establish a compliant board of directors (minimum 3 members).
Ensure cash capitalization as per Turkish regulations.
Why It’s Important:
Proper incorporation lays the groundwork for your licensing application.
- Regulatory Documentation Preparation
Requirements:
AML/CTF framework compliant with MASAK standards.
Business plans and other documents required by the Capital Markets Board (CMB).
Translation of materials into Turkish as necessary for compliance.
What to Expect:
Our team compiles and verifies all required documents to avoid delays in submission.
- Licensing Application Submission
Process:
Submit your complete application package to the Capital Markets Board (CMB).
File AML/CTF measures with MASAK for additional regulatory approval.
Maintain ongoing communication with regulatory authorities to ensure timely processing.
Timeline:
The process varies but being an early entrant can expedite approval.
- Banking Setup Assistance
Steps:
Open corporate bank accounts to handle cash flow and operational needs.
Ensure all accounts meet compliance standards for crypto operations in Türkiye.
Why It’s Essential:
A functional banking setup is critical for smooth operations in the crypto ecosystem.
- Technical Compliance with TÜBİTAK
Requirements:
Monitor emerging technical guidelines issued by TÜBİTAK.
Align operations with new technical standards as they are introduced.
What We Do:
Our team keeps you updated on TÜBİTAK’s evolving requirements and ensures compliance.
- Local Presence and Language Compliance
Guidelines:
Establish a credible local presence as required by Turkish regulations.
Ensure your website and mobile applications comply with the prohibition of using Turkish without a license.
What to Expect:
We provide strategies and local representation solutions to meet these requirements.
- Post-Licensing Support
Ongoing Compliance:
Regular monitoring to meet MASAK and CMB regulations.
Advisory on adapting to future updates from TÜBİTAK or other regulators.
Why It Matters:
Ongoing compliance ensures your license remains valid and supports smooth operations.
Frequently Asked Questions (FAQ)
What is a CASP license in Türkiye?
A CASP license allows crypto service providers to legally operate under Türkiye’s regulatory framework for digital assets.
Why should I obtain a CASP license in Türkiye?
A CASP license ensures compliance, avoids penalties, and enables crypto companies to serve Türkiye’s large and growing crypto market.
What are the capital requirements for a CASP license in Türkiye?
You need a minimum paid-up capital of 50 million TRY for company incorporation and licensing.
How long does it take to get a CASP license in Türkiye?
Timelines are uncertain, but early applicants have a better chance of expedited processing.
Do I need a local company in Türkiye?
Yes, you must establish a joint-stock company with at least three company board members in Türkiye.
Can foreign businesses apply for a CASP license in Türkiye?
Yes, but you must comply with local regulations, including establishing a local company and appointing directors.
Are there restrictions on using the Turkish language for business?
Yes, you cannot use Turkish on websites or apps without a license, or you risk penalties and access blocks.
What happens if I operate without a CASP license?
Operating without a license can result in blocked access to your services and severe financial penalties.
What are the AML/CTF requirements in Türkiye?
You must submit an AML/CTF compliance application to MASAK, Türkiye’s authority for anti-money laundering measures.
What role does TÜBİTAK play in the licensing process?
TÜBİTAK handles technical requirements for CASPs, but its guidelines are still evolving.
How can a CASP license help my business expand internationally?
A CASP license positions your company for growth and regulatory recognition in Türkiye’s crypto-friendly ecosystem.
