Central Securities Depository Launches the Crypto Asset Central Registration System
Under the Communiqué on the Establishment and Operating Principles of Crypto Asset Service Providers (III-35/B.1) and the Communiqué on the Working Procedures and Capital Adequacy Requirements of Crypto Asset Service Providers (III-35/B.2), published by the Capital Markets Board (CMB) in the Official Gazette dated 13.03.2025 and numbered 32840, various duties have been assigned to the Central Securities Depository of Türkiye (MKK). Accordingly, the MKK has launched the Crypto Asset Central Registration System (CACRS) in order to establish integration with Crypto Asset Service Providers (CASPs) and published an announcement dated 27.05.2025 (Announcement) on its website regarding the above-mentioned implementation.
With the CACRS, the data regarding transactions such as crypto-asset purchase and sale, initial offering or distribution, exchange, transfer, and custody, as well as the information regarding platform customer balances and custody balances, shall be reported by the CASPs to the MKK. The key points in the Announcement are summarized below:
- Through CACRS, investors can compare platform and MKK data via the e-INVESTOR application.
- The MKK has initiated system integration tests with CASPs, which will form the basis for license applications by platforms and custodians listed in the “List of Authorized Entities” published on the CMB website.
- The deadline for CASPs to complete their technical and system integration processes with the MKK has been set for 20.06.2025.
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