Turkish Bitcoin Exchange Permission from CMB! What does this mean?

The Capital Markets Board (CMB) found the application made by BtcTurk, Turkey’s first Bitcoin exchange, as a positive result. According to the information obtained from the sources, BtcTurk, which is the first crypto money exchange in Turkey and the fourth in the world, was finally approved by the Capital Markets Board.

The brokerage house approval of the Bitcoin exchange from the CMB

cryptocoin.com As we have announced, the owners of BtcTurk have applied to the CMB for the approval of Elliptik Yatırım Menkul Değerler as an intermediary institution. According to the statement made today, the expected approval has finally come out. With this permission, the firm states that they aim to provide services to more than 4 million customers within the scope of capital market legislation. In the CMB bulletin shared on the subject, Eliptik Yatırım Menkul Değerler A.Ş. It is said that the application made to grant permission to the named intermediary institution has been found to be positive.

Meanwhile, information on the ownership structure of the company to be established is starting to become clear. In his statements to Bloomberg, BtcTurk CEO Özgür Güneri stated that the owner of the brokerage house to be established will be Liberium, the sister company of BtcTurk. Özgür Güneri and BtcTurk CTO Ozan Yurtseven are among the shareholders of Liberium. It is also stated that the biggest shareholder of the company is Kerem Tibuk.

According to the statements made, Eliptik Yatırım Menkul Değerler A.Ş. will provide more than 4 million BtcTurk users with access to certain shares in Borsa Istanbul, Nasdaq and Turkey futures and options contracts. In addition to these, it is stated that in the future, the company will apply for a brokerage house license with wider authorities and a paid-in capital of 50 million TL.

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