Access ban on cryptocurrency exchanges from the CMB: Which platforms are being blocked? Are Mexc, Coinex, and Bitmart platforms being blocked?

Access bans on cryptocurrency exchanges are among the most discussed topics. The Capital Markets Board (CMB) has announced that it will initiate legal proceedings against cryptocurrency exchanges, including platforms such as Mexc, Coinex, Bitmart, and Poloniex. Following the CMB's announcement, questions such as 'Are Mexc, Bitmart, Coinex, Bitmex, and Poloniex shutting down?' and 'Which crypto sites will be shut down?' have become the most frequently asked questions. Here are the details...

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ACCESS BAN ON CRYPTOCURRENCY EXCHANGES

Access bans are imminent for many websites related to cryptocurrency exchanges. The Capital Markets Board (CMB) has determined that well-known crypto platforms such as Mexc, Coinex, Bitmart, and Poloniex are engaged in unauthorized crypto asset service provider activities. It announced that it has decided to initiate the necessary legal proceedings to block access to these websites in accordance with the third paragraph of Article 99/A and the fourth paragraph of Article 99 of the Capital Markets Law.

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OPERATING LICENSE REQUIRED

Article 99/A of the Capital Markets Law No. 6362, upon which the CMB bases its decision to block the aforementioned cryptocurrency platforms, mandates that foreign-based platforms providing services to persons residing in Turkey, or conducting activities such as Turkish language support, advertising, marketing, and similar efforts aimed at targeting these persons, must operate on a legal basis.