New regulatory regulations in Turkey take effect, leading to a surge in cryptocurrency license applications

ChainCatcher news, according to Cointelegraph, with the implementation of new regulations, the Turkish cryptocurrency market is experiencing growth opportunities, attracting significant attention from local and international companies. According to the announcement from the Turkish Capital Markets Board (CMB), 47 cryptocurrency companies have applied for licenses, including well-known exchanges Bitfinex, Binance TR, and OKX TR. However, exchanges such as Coinbase, Bybit, KuCoin, MEXC, and Gate have not yet submitted applications.