21.04.2026 16:02
KCEX, which the SPK will impose access restrictions on in December 2025, does not remove Turkish language support for Turkish users, keeps its official Turkish social media account active, and continues affiliate collaborations with Turkish crypto influencers. In reviews conducted in April 2026, it was observed that multiple Turkish crypto influencers were making paid posts on behalf of KCEX and spreading affiliate links. Here are the details…
The Capital Markets Board (CMB) had imposed access restrictions on over 50 cryptocurrency platforms, including KCEX, with its decision dated December 12, 2025. The reason for the restriction was clear: these platforms do not provide Turkish language support, are not listed among the licensed organizations by the CMB, and continue to offer services to Turkish users without permission. Despite more than four months passing, it appears that the situation at KCEX has not changed.
THE TURKISH WEBSITE AND OFFICIAL TURKISH ACCOUNT ARE STILL ACTIVE
It seems that KCEX has maintained its Turkish interface on its website. Additionally, the official Turkish X account, managed under the username @KCEX_Turkey and clearly targeting Turkish users with the location "Istanbul, Turkey," continues to actively share content. According to Law No. 7518, creating a Turkish website or conducting social media activities aimed at Turkish users by a cryptocurrency platform based abroad is considered unauthorized cryptocurrency asset service provision.
THE JAPAN AND KOREA MODEL IS COMING TO TURKEY
Experts point out that KCEX's stance puts both the platform and influencers sharing affiliate links at serious risk of sanctions under Law No. 7518. Providing unauthorized cryptocurrency services can lead to imprisonment of 3 to 5 years and fines of up to 10,000 days; these penalties can also be applied to promoting influencers.
The continued circumvention of the website access restriction through applications is emerging as a separate issue. Japan has removed the applications of platforms like Bybit and Bitfinex from the App Store and Google Play. South Korea has followed a similar path, removing 14 cryptocurrency exchange applications from the Apple store and 17 from Google Play. The current regulations in Turkey largely overlap with these examples; experts believe that a blocking step that also includes application stores could be the next phase on the agenda.