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Blockchain 

law

globalBLaw 

ınternatoınal 

In order to take your place in this growing sector by obtaining a license from The Central Bank of the Republic of Turkey, GlobalB will provide you with all the necessary services and be happy to assist you with its professional and dynamic team. 

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why globalb?
Why GlobalB 

As one of Turkey's most prominent law firms in Fintech area, with its young, dynamic and experienced team, GlobalB understands and specifies your needs and eagerly works for your company. 

In this area where legislative changes take place rapidly, our team closely and carefully follows every development and find the perfect solution for your problem and  ease you with the result.

our services

Preparation of the IT Part of the  Operating Permit by taking part in all kinds of software-infrastructure processes related to Information systems included in the Communiqué  

Detailing the limitations if there is no control of the restriction on information systems in the Communiqué  

Analyzing the AS-IS and TO-BE IT structure and giving it as an output 

Direct Coordination with CBRT “Payment Systems” General Management 

Participating on behalf of the Company in the writing processes to be taken from 

Independent Audit Institutions and undertaking the coordination task

WHY ELECTRONIC PAYMENT SYSTEMS?

In recent years, due to factors such as low cost, reliability, speed and convenience, in areas such as money transfers and payment transactions, classical payment methods are rapidly being replaced by innovative tools. As demonstrated by the fact that the industry ecosystem has increased the investment cost hundreds of times in just one year, the FinTech applications are becoming more and more popular every day. The Turkish legislation has also followed the developments in this area in recent years and has taken steps towards harmonization with FinTech activities with the enactment of Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.

GlobalB, with its spectacular lawyer and advisers team can help your company get E money license from The Central Bank of the Republic of Turkey and start playing an active role in the sector by obtaining the license. 

As one of Turkey's most prominent law firms in Fintech area, with its young, dynamic and experienced team, GlobalB understands and specifies your needs and works for your company.

 

WHAT IS E-MONEY?

Electronic money is defined in Law as the monetary value that is issued against a fund accepted by the electronic money issuer, stored electronically and used to provide payment transactions in the Law and accepted as a means of payment by real and legal persons other than the electronic money issuer. It is a technological innovation that facilitates payment transactions without the need to use conventional payment systems and allows money to be stored electronically. 

Consequently, E-Money can be used by any kind of institution that accepts this tool to purchase all kind of goods and services.

JOIN ELECTRONIC MONEY INSTITUTIONS

Electronic money institutions are legal persons authorized to issue electronic money. The requirements that electronic money institutions should have and for what purpose they can be established are also clearly stated in the Law.

In Article 18 of the Law, it is stated that, banks operating within the scope of the Banking Law, the Postal and Telegraph Organization Joint Stock Company and electronic money organizations that have been granted operating licenses can issue electronic money. The powers of the BRSA have been transferred the Central Bank of the Republic of Turkey (CBRT) as of January 1, 2020, in parallel with the needs arising in the field of payments.

To obtain an operating permit, your institution must meet the following requirements:

  • Establishment must be in the form of a joint-stock company

  • Those who have a ten percent or more share of the capital and hold control must have the requirements sought for bank founders in the Banking Law

  • Stocks must be purchased for cash and all shares must be registered shares

  • There must be At least five million TL of paid capital

  • The organization management must have adequate personnel and technical equipment, and also establishes units related to complaints and objections.

  • Necessary measures should be taken regarding the continuity of activities and the confidentiality of user information

  • Must have a transparent and open partnership structure and organizational chart

WHAT ARE PAYMENT SYSTEMS?

Another payment service provider mentioned in the Law is payment institutions. According to detailed defining in Law No. 6493, the payment system is defined as a structure with common rules that provides the necessary infrastructure for clearing and settlement transactions to ensure the realization of fund transfers arising from transfer orders between three or more participants.​

JOIN PAYMENT UNSTITUTIONS

Payment institutions, like electronic money organizations, are subject to the obligation to obtain a certificate of activity permit from CBRT. 

For permission to operate, your institution must meet the following requirements:

  • Establishment must be in the form of a joint-stock company

  • Those who have a ten percent or more share of the capital and hold control must have the requirements sought for bank founders in the Banking Law

  • All shares must be registered shares

  • Payment institutions that mediat invoice payments have at least 1 (one) and other payment institutions have at least  2 (two) Million Turkish Lira in capital

  • The services must have the necessary management, adequate personnel and technical equipment to perform, and also establishes units related to complaints and objections

  • Necessary precautions should be taken regarding the continuity of activities and the security and confidentiality of funds and information regarding payment service users.

  • Must have a transparent and open partnership structure and organizational chart

 WHY GLOBALB INTERNATIONAL  
 
 

EXPERIENCED

having more than 5 years of experience in law , our team can help you solve your problem and help you live a better life in turkey. our skilled team in different sectors of law, maritime, block chain, family problems, migration and etc. If you have law problems contact our team from the forum below 

YOUNG TEAM

Nowadays having young team in law is a benefit cause they are more eager to win the cases and help other people in order to grow. with courage and eagerness our team can escalate the process of solving every problem. Be calm and leave your problem to us.

SOLUTION ORIENTED

Every problem needs its own solution. with our solution oriented team  we can find the perfect solution for your problem and  ease you with the result.

GLOBALLY

GlobalB is a member of CKR and it's based in US, it has relationship with other countries in Europe. so if you want to do your job world wide and communicate with other country you need a global law bureau to help you access other countries and do your business or solve the problem globally

 

contact

US

Monday - Friday 10:00  - 18:30

 

Barbaros Bulvarı 31/9 Besiktas

Istanbul, Turkey 

00902122588121 

globalb@globalblaw.com

 

TELL

US

 

Meet The Team

Sima Baktas

 

Lawyer 

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Elifsu Erdem

Legal Intern

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ISTANBUL OFFICE:

Barbaros Blvd 31/9 Besiktas 

Istanbul | Turkey  

+902122588121

globalb@globalblaw.com

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www.ckrlaw.com