19.10.2026 16:41
While access-blocking decisions against crypto exchanges operating without authorization in Turkey continue, some global platforms continue to provide services in Turkish. In addition to Biconomy and Tapbit, which were previously subject to access-blocking decisions, the websites of exchanges such as Kraken and P2B, which do not have operating authorization in Turkey, also feature Turkish interfaces and sign-up prompts.
With the entry into force in 2024 of Law No. 7518 regulating the crypto asset market in Türkiye, the activities of foreign-based cryptocurrency exchanges aimed at users in Türkiye became subject to new rules. Under Article 99/A of Capital Markets Law No. 6362, the activities of crypto asset service providers abroad aimed at persons in Türkiye are subject to certain conditions. Creating a Turkish website, conducting advertising and marketing activities aimed at users in Türkiye, and similar factors are among the criteria taken into account in assessing whether services are directed at Türkiye.
UP TO 5 YEARS IN PRISON FOR UNAUTHORIZED ACTIVITY
Under the legislation, unauthorized crypto asset service provider activities are subject to imprisonment from 3 to 5 years and a judicial fine of up to 10,000 days.
KRAKEN, BICONOMY, TAPBIT AND P2B CONTINUE TO PROVIDE SERVICES IN TURKISH
Despite the time that has passed, Turkish language support continues to be actively used on the websites of some global cryptocurrency exchanges that do not have an operating license in Türkiye. In the review conducted as of October 18, 2026, it was observed that the websites of Kraken, Biconomy, Tapbit and P2B contained Turkish interfaces and content directing users to sign up.
US-based Kraken offers a Turkish language option on its website. The platform's homepage features the slogan “Take the power of your money into your hands” and an email registration area. In the Kraken Pro section, leveraged trading features for crypto asset pairs and for stock and ETF trading are presented in Turkish.
In addition to its Turkish interface, Biconomy highlights reward campaigns for new users. The platform's website offers rewards and trading bonuses of up to 500 USDT, while users are invited to register with the phrase “It only takes 1 minute.”
Tapbit platform's Turkish website contains promotions for crypto asset and global stock trading with USDT. The platform's menu also includes a derivatives trading section.
P2B introduces itself on its Turkish website as “P2B Cryptocurrency Exchange.” With the call “Sign up in 1 step” on the homepage, visitors are directed to create a membership.
CMB DECIDED TO BLOCK ACCESS TO MORE THAN 50 CRYPTO EXCHANGES
In December 2024, the CMB launched an access-blocking process for 108 websites determined to be operating without authorization through the weekly bulletin it published. More than 50 of these websites were cryptocurrency exchanges. Among the platforms subject to the decisions were international cryptocurrency exchanges such as HTX, CoinW, Phemex, LATOKEN, KCEX, Hotcoin, OrangeX, BTCC and Bitunix.