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Pursuant to the Board Decision No. 18/617 (“Decision”), published in Bulletin No. 2026/18 dated 26 March 2026 by the Capital Markets Board (“Board”), a new regulation has been introduced regarding the determination of certain deadlines prescribed for crypto asset service providers (“CASPs”) within the scope of specific obligations.
In accordance with Article 5 of the Provisional Article 1 of the Communiqué No. III-35/B.1 on the Establishment and Operating Principles of Crypto Asset Service Providers ( “Communiqué”), titled “Application Period For Operating License And Compliance With The Provisions Of This Communiqué,” a decision has been made that the previously granted period for platforms to execute agreements with custody institutions and submit such agreements to the Board within the scope of their operating license applications, as well as the period granted under Article 3 of the same Provisional Article 1 for CASPs included in the List of Operating Entities to obtain an authorization certificate, shall be determined after the custody institutions to be authorized by the Board begin to provide crypto asset custody services to platforms on a widespread basis. In other words, the relevant periods have been linked to the date on which custody institutions commence providing their services.
You can access the full text of the Board Decision No. 18/617 dated 26 March 2026 here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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