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Coinbase withdraws pre-application to enter the Turkish crypto market

Coinbase has withdrawn its pre-application to enter the Turkish crypto market, while QNB Digital Assets, a unit of Turkey's QNB Bank, has also withdrawn its application. Earlier, Turkey's capital markets commission (SPK) said that since the August 9 regulatory update, the number of companies applying for crypto licenses has increased from 47 to 76, including new companies such as Coinbase, KuCoin, and Gate.io.