Coinbase and 76 other crypto companies apply for licenses in Türkiye

A total of 76 cryptocurrency companies have reportedly applied for licenses in Turkey. The Turkiye Capital Markets Board (CMB) announced on the 9th that 47 cryptocurrencies will be granted licenses under the new regulatory framework.
The list has now expanded to 76 companies. According to reports, the existing list of applicants includes global cryptocurrency exchanges Binance, BitTorrent, and BitCom.
Major companies such as finex and OKEx are included, and Coinbase, KuCoin, Gate.io and others have been newly added, bringing the total number of applicants to 76.
The surge in applications comes as Turkey’s Capital Markets Board (CMB) updated regulations, marking a significant turning point for the country’s burgeoning cryptocurrency sector.
However, the CMB clarified that inclusion on the "working list" is not the same as formal approval. Companies must still obtain formal approval from their board of directors until supporting legislation is enacted.
The list will be updated as companies resolve regulatory gaps or as the CMB completes its investigations.
Meanwhile, Turkey's cryptocurrency regulatory environment is still in the process of evolving.
Although there is no law on this topic yet, existing regulations regulate market activities.
Finance Minister Simsek Turkiye said in January that the local cryptocurrency bill was nearly complete.
The expected draft bill has yet to be tabled in Parliament.