Major cryptocurrency exchanges, including Coinbase and KuCoin, are seeking to expand their operations in Turkey by applying for crypto licenses. This move comes in response to Turkey's new regulatory framework, the 'Law on Amendments To The Capital Markets Law,' which was implemented in July. Since the introduction of these regulations, the number of applications for crypto licenses has increased from 47 to 76 as of August 9. The Capital Markets Board of Turkey is responsible for overseeing these applications, but approval is not guaranteed. The Turkish crypto market is experiencing significant activity as these exchanges aim to secure official operating permits.