Turkey: FinTech

Turkey's Central Bank has officially approved the Crypto Asset Central Registry System operated by the Central Registry Agency (MKK), bringing cryptocurrency transaction and balance monitoring under formal...

Global payment giants including Visa, Mastercard, Circle and Stripe are racing to integrate stablecoins into mainstream financial infrastructure, transforming them from crypto-trading instruments into core components of cross-border payments and settlement systems. This strategic shift raises critical questions about monetary sovereignty, payment infrastructure control, and the future balance between private innovation and public regulatory authority.

The rapid emergence of stablecoins and central bank digital currencies is fundamentally reshaping the global monetary landscape, challenging traditional banking systems and raising critical questions about financial sovereignty, monetary policy transmission, and the future balance between public trust and private innovation.

On 29 April 2026, EU lawmakers and Member States failed to reach an agreement on proposed amendments to the EU Artificial Intelligence Act (“AI Act”) following approximately twelve hours of negotiations conducted under the European Commission’s Digital Omnibus initiative. The discussions focused on postponing certain AI Act obligations, including rules applicable to high-risk AI systems, until December 2027

What makes these decisions particularly noteworthy is the investigative sequence that underlies them. The on-site inspection was conducted in the context of the same merger control file in which Provision's acquisition had been notified, and followed complaints received during the review process.

Pursuant to the Capital Markets Board’s (the “Board”) Resolution dated 26 March 2026 and numbered 18/617 (the “Resolution”), it was resolved to extend certain deadlines applicable to crypto asset service providers.

Cryptocurrencies have become one of the most debated elements of the digitalized financial system and have secured their position on the agenda of Turkish law as well.

Kripto paralar, dijitalleşen finansal sistemin en tartışmalı unsurlarından biri olarak Türk hukukunda da gündemdeki yerini almıştır.

Ödeme Hizmetleri ve Elektronik Para İhracı ile Ödeme Hizmeti Sağlayıcıları Hakkında Yönetmeliğin ("Yönetmelik") 33. maddesi uyarınca ödeme hizmetleri ve elektronik para kuruluşları için uygulanacak asgari özkaynak yükümlülükleri her yıl Ocak ayında Türkiye Cumhuriyet Merkez Bankası ("TCMB") tarafından yeniden belirlenmektedir.