News and Publications

The European Commission (“Commission“) published the “Financial Data Access and Payments Package” (“Package“) on 28 June 2023. With this Package, a significant step was taken in amending the legislation regulating the financial sector, including payment systems, within the scope […]

The compliance period for the fulfillment of the provisions which are explained in detail below, that are stipulated in the Provisional Article 1, titled “Transitional Provisions”, paragraphs 1, 5, 9, 11, 17-18 of the Regulation on Payment Services and […]

The compliance period for the fulfillment of the provisions which are explained in detail below, that are stipulated in the Provisional Article 1, titled “Transitional Provisions”, paragraphs 1, 5, 9, 11, 17-18 of the Regulation on Payment Services and […]

1. Introduction Misleading, false or defamatory attacks may be carried out against legal entities through news, reviews, blog posts, comments, videos and many other means on the internet. Such attacks can cause reputational damage to the legal entity, loss […]

With the July 2020 amendments, the definition of Social Network Provider was added to Law number 5651. Subsequently, it has been introduced with the October 2022 amendments that Procedures and Principles on Social Network Providers shall be regulated by […]

Does General Data Protection Regulation Protection Personal Data Against Artificial Intelligence? Artificial Intelligence (“AI”) has revolutionized the way personal data is analyzed, predicted, and used to influence human behavior, making it a valuable asset. AI has an ability to […]

On 20 April 2023, the European Parliament adopted the Regulation Proposal dated 24 September 2020 pertaining to Markets in Crypto Assets (“MiCA“), with 517 votes in favor, 38 against and 18 abstentions, which was submitted by the European Commission […]

Cryptocurrencies Under Turkish Law Introduction Since their introduction in 2008 by Satoshi Nakamoto, cryptocurrencies are one of the most controversial topics discussed in the financial sector. Although central banks of many countries approached this technology with caution, today, many […]

1. Fintech Market  1.1 Evolution of the Fintech Market The Turkish fintech market has a significant number of participants of various sizes. Competitiveness notwithstanding, market players tend to co-operate with one another in keeping the marketplace fair. Consumers demand […]

Regulation on Licensing of Medicinal Products for Human Use (the “Regulation”) has been published in the Official Gazette number 31686 and dated 11 December 2021 to ensure security and quality of medicinal products for human use, to determine the […]