Yapı Kredi Receives Important Approval from the Capital Markets Board Regarding Cryptocurrencies!

A significant development has occurred regarding the draft law prepared in Turkey concerning crypto assets.

At this point, it was decided that the articles regarding the taxation of crypto assets in the draft law being discussed in the Grand Assembly of the Turkish Parliament would be re-evaluated.

While Turkish investors closely follow developments in the cryptocurrency market, an important announcement has come from Yapı Kredi, one of the country’s leading banks.

According to AA news agency, the Capital Markets Board ($SPK) has approved Yapı Kredi’s establishment of a cryptocurrency trading platform.

Having received approval from the Capital Markets Board ($SPK), the bank has completed the establishment permit phase in its cryptocurrency operations. It was stated that the bank is continuing its preparations for its operating license application.

The bank stated that with this move, it aims to give its customers a competitive edge in the cryptocurrency field.

Saruhan Yücel, Deputy General Manager of Yapı Kredi, stated that with digitalization intensifying in every aspect of life, crypto assets are playing a significant role in the transformation of the financial system.

“…The establishment license we received from the Capital Markets Board regarding crypto assets is an important step we have taken in line with this vision. Our aim is to create a sustainable and transparent crypto asset ecosystem where our users can trade safely.”

*This is not investment advice.