30.03.2026 15:31
CoinW, which has been subject to an access ban decision by the SPK, continues its Turkish social media activities and influencer collaborations in Turkey. Influencers are directing Turkish users to the platform through investment reward campaigns. Here are the details…
The Capital Markets Board (CMB) had decided to initiate the necessary legal proceedings to block access to the site by including CoinW among the platforms identified as providing unauthorized cryptocurrency services to users residing in Turkey in the past period. However, it was observed that CoinW continued to keep its Turkish website active during the investigations.
In addition to the website, it was noted that CoinW's official X/Twitter account, managed under the name of the Turkish community, which has a blue tick, continued to publish Turkish content aimed at Turkish users. In these posts, announcements for listing high-leverage futures trading pairs and limited-time free trading campaigns are promoted in Turkish.
COLLABORATIONS WITH INFLUENCERS CONTINUE
Not limited to social media activities, CoinW is also conducting direct brand collaborations with Turkish crypto influencers. Crypto influencers announced an investment reward campaign on behalf of CoinW with visual content featuring the platform's name and logo. There is no indication of sponsored content or advertising in the posts. Experts point out that promoting leveraged products with campaigns promising high rewards can significantly distort users' perception of risk. Despite the CMB's decision to block access, the continuation of reaching the same user base through influencer channels reveals the extent of the violation.
PENALTIES COVER BOTH THE PLATFORM AND THE INFLUENCER
Experts emphasize that the clear violation of the access restriction creates a multi-layered legal issue for this campaign conducted within a clearly defined framework of collaboration. The activities of a foreign platform without a CMB license aimed at Turkish users are considered unauthorized cryptocurrency service provision under Law No. 7518; the anticipated penalty is imprisonment of 3 to 5 years and a judicial fine of up to 10,000 days. These penalties also cover influencers directing users to the platform. It is highlighted that campaign content that emphasizes investment returns may also violate misleading advertising regulations.