A new announcement regarding Cryptocurrencies has come from the Central Securities Depository! "Deadline: June 20!"

While work continues under the cryptocurrency regulations in Turkey, a new announcement has been made by the Central Registration Organization (MKK).

Accordingly, the Central Securities Depository announced that it has implemented the Crypto Asset Central Registration System to ensure the integration between the MKK and Crypto Asset Service Providers.

On March 13, 2025, the Central Securities Depository's function in the process was clarified under the "Regulation on the Establishment and Operating Principles of Crypto Asset Service Providers" and "Regulation on the Working Procedures and Principles and Capital Adequacy of Crypto Asset Service Providers" published in the Official Gazette by the Capital Markets Board of Turkey on (SPK).

According to the said communiqués, cryptocurrency trading, initial sale or distribution, clearing, transfer and custody and other transactions required by them, as well as customer balances and custody balance information of the platforms, will be reported and reported by Crypto Asset Service Providers (KVMKS) to the Crypto Asset Central Registration System to be established by the MKK.

Investors will also be able to track their crypto asset balances through the MKK e-INVESTOR application and compare the data with KVMKS on the platform.

Finally, the MKK added that the platforms and custodial institutions listed in the "Active List" published on the SPK website have initiated the necessary technical and system integration tests with KVHSs in order to apply for an activity permit from the SPK. In this context, the final application deadline for KVHSs to the MKK has been set as June 20, 2025.

What is the Crypto Asset Central Registration System (KVMKS)?

The Central Registry System for Crypto Assets (KVMKS) is an application developed and operated by the Central Registry Institution (MKK) within the framework of the regulations of the Capital Markets Board (SPK).

KVMKS is designed to record transactions and balances held in the registries of cryptocurrency asset service providers, as well as to facilitate the comparison of balances between platforms and custodians.