Step-by-step conveyancing and procedure stages

Initial consultation and regulatory assessment

We map your business model against the Law No. 7518 / SPK regime and the MASAK rules, and tell you whether — and how — you need to be authorised in Turkey.

Structuring your entity and crypto business model

We choose the right Turkish company form, ownership and governance to meet the SPK's establishment, capital and fit-and-proper conditions from day one.

Preparing the SPK licence application

We assemble the application, documentation and supporting materials for your crypto-asset service provider authorisation.

Building your MASAK/AML compliance programme

We draft your KYC, monitoring, reporting and record-keeping policies and set up the compliance function MASAK Law No. 5549 requires.

Drafting custody, token and platform agreements

We prepare the contracts that govern your product, users and counterparties so they match your regulatory characterisation.

Liaising with SPK and MASAK through to authorisation

We deal directly with the regulators, respond to queries and carry the application through to a decision.

Ongoing compliance, reporting and dispute support

We support you after launch — reporting obligations, regulatory changes, inspections and any disputes or enforcement action.

What to prepare before you instruct

Before your first consultation, it helps to have the following ready or checked. This is a preparation list, not a promise of any particular outcome.

Write down exactly what services your platform provides and to whom, since whether you fall inside the SPK perimeter depends on the services and the users, not on what the product is called
If you were active in the Turkish market before the 2024 reform, check your transition and declaration status under the SPK regime before doing anything else
Gather your corporate documents, shareholder and manager details, so the entity, ownership and fit-and-proper position can be assessed against the SPK conditions
Prepare the token or product documentation you already have (white paper, terms, marketing copy) and check whether the legal characterisation in them matches what the instrument actually is
Review your product flows for anything that settles the price of goods or services in crypto, which the Central Bank regulation of 16 April 2021 does not permit
Collect your existing AML materials, if any, and identify who would act as compliance officer for KYC, monitoring, record-keeping and suspicious-transaction reporting under MASAK Law No. 5549
Start the document chain early if you are abroad: a properly scoped power of attorney, apostille or consular legalisation, and sworn Turkish translation

Governing statutory provisions under Turkish law

6362~~LAW NO.~~

Capital Markets Law (Sermaye Piyasası Kanunu)

The main statute for crypto-asset service providers, under which the Capital Markets Board (SPK) authorises and supervises the sector.

7518~~LAW NO.~~

Law amending the Capital Markets Law (2024)

Published on 2 July 2024, it introduced the definitions of crypto-asset and crypto-asset service provider into Law No. 6362 and gave the SPK its authorisation and supervision powers.

5549~~LAW NO.~~

Law on Prevention of Laundering Proceeds of Crime (MASAK)

Makes crypto-asset service providers obligated parties, with customer identification, transaction monitoring, record-keeping and suspicious-transaction reporting duties towards MASAK.

Crypto & Blockchain Law in Türkiye: SPK License Stages, MASAK & VASP Compliance