The Capital Markets Board (SPK) Has Introduced New Regulations Regarding Money Transfers by Foreigners.
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The Capital Markets Board (SPK) has implemented a historic regulation that will directly affect financial transactions in stock exchanges, portfolio management, and cryptocurrency markets. With the decision published in the Official Gazette, foreign investors are now able to register remotely using chip-enabled passports and NFC technology, while a high-risk, strict monitoring mechanism is being implemented for transactions.
The Capital Markets Board's new regulation, which mandates NFC-enabled passports, address verification, and SWIFT for foreign nationals and companies accepting customers remotely, has come into effect.
The Capital Markets Board (SPK) has introduced new rules regarding remote customer acceptance by foreigners. According to the new regulation, foreigners will not be able to transfer money or crypto assets without verifying their addresses. Money transfers can only be made through bank accounts registered in the individual's own name.
The Capital Markets Board (SPK) has made comprehensive changes to the remote customer onboarding processes implemented by brokerage firms, portfolio management companies, and crypto asset service providers. Officially...
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