The primary legislation regulating cryptoassets is the Capital Markets Law. With the amendment to the Capital Markets Law, published in the Official Gazette on 2 July 2024 (and effective as of the same date), cryptoassets became subject to legal regulation and a licensing process was created for cryptoasset platforms.

Following the legislation, Capital Markets Board issued two decisions in August 2024 and September 2024 furthering legal framework. The former identified the establishment conditions for cryptoasset service providers and licence applications; the latter included additional conditions on payment orders, wallets, accounts, exemptions and situations of certain cryptoassets (eg, NFTs and cryptoasset tools in other fields such as real estate), prohibition of cryptoasset service providers performing certain DeFi transactions such as those including lending, credits and futures.