Internet reports that Turkey is promoting cryptocurrency regulation and formulating new rules for cryptoasset service providers (CASPs). On March 13, the Turkish Capital Markets Committee (CMB) issued two regulatory documents on CASP licensing and operations, covering crypto trading platforms, custodians and wallet service providers. The regulatory framework gives CMB comprehensive regulatory powers over crypto platforms to ensure they comply with domestic and foreign standards. In addition, the framework also sets standards and requirements for establishing and providing crypto asset services in Turkey, including registered capital, management background, shareholder rules, etc.