MKK to Ensure Integration with Crypto Asset Service Providers

Merkezi Kayıt Kuruluşu (MKK) has launched the Crypto Asset Central Registry System (KVMKS) to establish integration between MKK and Crypto Asset Service Providers (CASPs).

On March 13, 2025, MKK’s role in this process was officially defined under the Communiqué on the Establishment and Operating Principles of Crypto Asset Service Providers and the Communiqué on the Operating Procedures, Principles, and Capital Adequacy of Crypto Asset Service Providers, both published by the Capital Markets Board of Türkiye (CMB) in the Official Gazette.

According to the new regulatory framework, data regarding crypto asset trading, initial sales or distributions, clearing, settlement, transfer, custody, and other related transactions—along with customer balances and custody balance information—will be reported by Crypto Asset Service Providers to the Crypto Asset Central Registry System (KVMKS) operated by MKK.

Through MKK’s e-INVESTOR application, investors will be able to cross-check their crypto asset records between the platforms and the centralized records kept in the KVMKS system. MKK has already initiated all necessary steps for the development of KVMKS, and infrastructure efforts are progressing rapidly.

MKK has also launched technical and system integration testing for platforms and custody institutions listed under the “List of Operators” on the CMB’s official website, which are required to apply for an operating license from the CMB. Within this scope, the deadline for CASPs to apply to the Central Registry Agency (CRA) has been set as June 20, 2025.

Detailed information, including circulars and official announcements regarding the integration process, has been made available on www.mkk.com.tr. Crypto Asset Service Providers are required to submit their contact details and application documents to MKK via email at kvhstest@mkk.com.tr.