Turkey Enhances Crypto Security by Integrating it with National Securities Registry

Turkey has made a significant step towards integrating cryptocurrencies into its financial framework by launching the Crypto Asset Central Registry System (KVMKS). This system, run by the Central Securities Depository (Merkezi Kayıt Kuruluşu – MKK), requires exchanges and platforms to report real-time data on trading, initial sales, transfers, custody, and more. This unprecedented transparency allows investors to compare their wallet balances through the MKK’s e-YATIRIMCI application, providing a clear understanding of where their digital assets are stored.