🇹🇷 Turkey unveils new cryptocurrency regulations, granting the Capital Markets Board (CMB) full oversight of crypto platforms! The regulations set obligations for crypto asset service providers (CASPs) before starting operations and require insuring users' crypto assets. 📈🛡️ The Communique on digital asset regulations comes after Turkish Finance Minister Mehmet Simsek's announcement, aiming to get off the FATF gray list. Prior to these laws, Turkey struggled to monitor and regulate digital assets, leading to money laundering and crypto scams. Founders seeking to operate as CASPs must meet specific criteria, including financial integrity and a clean legal record. CASPs are also required to meet set capital requirements, paid in cash. What are your thoughts on Turkey's new crypto regulations and their impact on the market?