Introduction of Rules on Crypto Assets and Crypto Trading Platforms
Introducing comprehensive rules on crypto assets and crypto trading platforms, the Law Amending the Capital Markets Law No. 6362 ("Amendment Law") was published in the Official Gazette and entered…
FinTech Sector in Turkey: Critical Legislative Amendments
The Regulation Amending the Regulation on Payment Services and Electronic Money Issuance, Payment Service Providers (“Amending Regulation”) and the Communiqué Amending the Communiqué on the…
Liabilities Regarding Payment and Electronic Money Institutions Are Extended
With the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Regulation”), and the Communiqué on Information Systems of Payment and Electronic Money…
Ödeme Hizmetleri Sunan Kuruluşların Asgari Özkaynak Yükümlülük Tutarları Güncellendi
Ödeme hizmetlerine ve kuruluşlarına ilişkin usul ve esaslar, 6493 sayılı Ödeme ve Menkul Kıymet Mutabakat Sistemleri, Ödeme Hizmetleri ve Elektronik Para Kuruluşları Hakkında Kanun’da yer…
Minimum Equity Requirement for Payment Service Institutions is Updated
The procedures and principles regarding payment services and institutions are set out under the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money…
Looking Back at the Legal Developments on Data, Technology, Fintech, E-Commerce and Telecoms in 2022
2022 was another year full of developments in the legal sphere in Turkey. When we look back at 2022, we see that legislators in the Republic of Turkey – as well as in other countries - took…
Technology law in Turkey: highlights from 2021
The ongoing covid-19 pandemic dominated legal developments in 2021 as restrictions were maintained in order to mitigate its impact. In addition to that, developments in the field of technology,…
Countdown For Compliance with Turkish Data Protection Law
Natural or legal persons who process personal data under the Law on Personal Data Protection with no. 6698 (“DPL”) must register to the Data Controllers’ Registry (“VERBIS”) prior to start of data…
Turkish DPA’s WhatsApp Decision
On 03.09.2021 the Turkish Data Protection Authority (“DPA”), made a public announcement regarding the ex officio investigation of WhatsApp LLC (“Controller”) and published an important decision…
COMMITMENT LETTER APPLICATION FOR TRANSFER OF PERSONAL DATA ABROAD
The conditions of the transfer of personal data abroad are regulated under Turkish Data Protection Law w. no 6698 (“DPL”). One of the conditions is that in the case that one of the conditions of…