Important developments are taking place regarding the (custody) regulation of crypto asset storage in Turkey. Exchanges are required to sign official agreements with licensed custodial institutions. This regulation aims to enhance the security of investors' digital assets.
Experts are warning investors: learn about the storage partners of the exchange you choose and verify their licensing status. It is critically important to check not only the platform's technical infrastructure but also its institutional qualifications. This step towards ensuring trust and transparency in the crypto market increases the accountability of exchanges and custody service providers.
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DefiVeteran
· 15h ago
Turkey's custody regulations this time are okay; at least someone is starting to regulate.
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LiquidationKing
· 19h ago
Turkey is implementing this custody regulation? Honestly, finally someone is going to regulate the chaos in exchanges.
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DisillusiionOracle
· 19h ago
Local chicken, the wave of regulation has really arrived, and custody standardization is underway. To be honest, it's much better than the chaotic state before.
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OneBlockAtATime
· 19h ago
Turkey's custody regulation this time is okay; at least someone is taking this matter seriously.
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Another old tune of "check your exchange partners," but indeed, it's worth listening to.
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Regarding licensed partners, it's easy to say but hard to do...
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Well, at least it's better than those fly-by-night platforms; having mandatory contracts is better than none.
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Sounds good, but the real question is how many people will actually check these details.
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Now the regulated exchanges are stuck in Bengbu haha.
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Custody security is a good thing, provided that these lisanslı kuruluş are truly reliable.
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TokenTaxonomist
· 19h ago
ngl turkey's finally doing what should've been standard protocol years ago... let me pull up my spreadsheet on custody provider failures and—yeah, statistically speaking most retail users still won't verify licenses properly lol
Important developments are taking place regarding the (custody) regulation of crypto asset storage in Turkey. Exchanges are required to sign official agreements with licensed custodial institutions. This regulation aims to enhance the security of investors' digital assets.
Experts are warning investors: learn about the storage partners of the exchange you choose and verify their licensing status. It is critically important to check not only the platform's technical infrastructure but also its institutional qualifications. This step towards ensuring trust and transparency in the crypto market increases the accountability of exchanges and custody service providers.