The Turkish Capital Markets Board established new rules on the storage and transportation of crypto assets based on an important law enacted in 2024 to regulate the market. These new rules will bring significant changes such as prohibiting the leverage trade of crypto currencies listed on platforms.
Trading with derivatives, credit trading, exposure sales and lending will be banned. A Listing Committee will be established to manage crypto assets on platforms and removal from the list.
With new rules, crypto service providers must have strong internal audit, control and risk management teams. Service providers also need to obtain a license from the board in order to carry out their activities.
If there are symptoms of fraud, authorities may request reports on user balances from these platforms, so that crypto users can be further protected. Stake Gambling App bettors. Treasury and Finance Minister Mehmet Simsek, many of these rules were implemented by Türkiye for the first time in the world, he said.
He said that these rules, which necessitates the monitoring of investors’ transactions, will help to make crypto trade safer. On June 26, 2024, the Turkish Parliament adopted a law that sets the first legal rules for crypto currency in the country.
A report of Triple-A shows that Turkey is third in the world after the United Arab Emirates and Singapore. In 2024, the crypto ownership rate in Turkey was 19.3 percent, the UAE reached 25.3 percent and Singapore reached 24.4 percent.
Thodex’s founder allowed partial release in the middle of the crypto fraud case
Faruk Fatih Özer, the founder of Thodex, the crypto exchange of Türkiye -based crypto exchange, made a small profit in court. On January 30, 2025, the Istanbul 22nd Regional Court arrested Özer in prison on charges of fraud. However, according to Özer’s lawyer Sevgi Eraslan, the allegations of organized crime in a short time withdrew.
Özer, who was sentenced to 11.196 years in prison in September 2023 for defrauding more than 400,000 investors for $ 2 billion, is still in prison despite the small victory in court. The legal team plans to look for more tolerance. The statement shows the commitment to pursue all legal ways to ensure a fair trial process.
Aşk Eraslan Özer’s lawyer, describing the court’s decision as a sign of how the judicial process has changed, emphasized that not every accusation should be handled, not at a time. ‘The presumption of innocence is one of the cornerstones of a democratic state governed by the rule of law. The statement said that no one can be declared guilty before the judicial process reached the final decision.
The statement also discussed the public and the media’s perspective on the case. Before the hearing was concluded, it was claimed that the comments and prejudices made the confidence in the courts as well as damaging the fundamental rights of people.
Özer’s rise and a big fall continues to be a dark story for Turkey’s crypto scene. Thodex has grown since 2017 and has become one of the best stock exchanges in the country, and while it is at the top, it performs over $ 1 billion every day. However, on April 20, 2021, the stock market suddenly stopped trade and locked 391,000 users from their accounts.
When the news that Özer left Turkey, the concern spread and Interpol led to the red bulletin. The inspectors later discovered that he had escaped with a $ 2 billion -dollar crypto currency hardware wallet; This shocked many people, including crypto users. Stake entry from Turkey.
Özer then said that he used it to pay his debt before throwing the victims. Money is a claim that has not yet been proven to be thrown into the Ionian Sea. After a 16 -month search, the police caught Özer in August 2022 in the city of Vlore, Albania. Özer, who was sent back to Turkey in April 2023, faced charges of fraud, money laundering and leading a criminal organization.
Although crypto crimes are still present in Turkey, the government is trying to set more strict rules on crypto companies and platforms. This not only keeps crypto users safe in the country, but also encourages the world -wide adoption of crypton.
