🇹🇷

Crypto Regulation in Istanbul

Legal

Istanbul is Turkey's crypto hub with high retail adoption. BDDK and CMB regulate. Crypto payment ban since 2021 but trading legal. New licensing framework under development.

Region: Eurasia

Tax Information

Capital Gains (Personal)
Currently unclear
Capital Gains (Corporate)
25% CIT
VAT on Crypto
--
Staking Tax
--
Airdrop Tax
--
Mining Tax
--

Licensing & Registration

License Required
Yes
Regulator
CMB / BDDK / MASAK
Framework
Law No. 7518 on Crypto Assets (2024)
License Types
--
Estimated Cost (USD)
--
Timeline
--
Ease of Licensing
--

AML / KYC

KYC Required
--
Travel Rule
--
FATF Member
--
FATF Status
--
Suspicious Activity Reporting
--

Mining

Mining Legal
Yes
Status
Unknown
Electricity Cost ($/kWh)
$0.1
Renewable Energy
--
Climate
Temperate
Infrastructure
Moderate
Tax on Mining Income
Standard corporate tax

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 14 days
Banking
Difficulty: Medium | Crypto-friendly banks: none listed
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Company Registration
$2,000 | 14 days | LLC
Licensing Support
Available | $5,000 - $25,000
Reviewed: 2026-03-01medium

Frequently Asked Questions

Is crypto legal in Istanbul?
Cryptocurrency is currently classified as "Legal" in Istanbul. Istanbul is Turkey's crypto hub with high retail adoption. BDDK and CMB regulate. Crypto payment ban since 2021 but trading legal. New licensing framework under development.
What is the crypto tax rate in Istanbul?
In Istanbul, the personal capital gains tax on crypto is Currently unclear, and the corporate tax rate is 25% CIT.
Do I need a crypto license in Istanbul?
Yes, a crypto license is required in Istanbul. The regulator is CMB / BDDK / MASAK under Law No. 7518 on Crypto Assets (2024). Estimated licensing cost: varies.
Is crypto mining legal in Istanbul?
Yes, crypto mining is legal in Istanbul. Electricity costs approximately $0.1/kWh. Mining income is taxed at: Standard corporate tax.
What are the AML/KYC requirements for crypto in Istanbul?
KYC requirements for crypto businesses in Istanbul are not clearly defined.