Industry officials think that cryptocurrency market regulations in Turkey will focus on licensing and taxation.
Financial Action Task Force (FATF) banned Turkey in July due to deficiencies in cryptocurrency regulations. to gray list had taken it.
Turkey may introduce some regulations regarding licensing and taxation to get out of the gray list. According to Reuters news, BlockchainIST Center founder Bora Erdamar said, “One of the biggest priorities in the new regulations will be to introduce certain licensing standards.” said.
Local sector of these regulations In a positive way It is thought to affect. Binance Turkey CEO Mücahit Dönmez said, “We see an increasing interest in crypto assets in Turkey. “There is currently a lack of regulation in this area.” he said and added:
“We believe that ensuring the security of users’ assets, determining certain criteria in terms of minimum capital requirements, listings and custody services, and imposing a licensing requirement on platforms will positively affect the industry.”
Futurance Board Member Onur Altan Tan thinks that the regulations prepared for the cryptocurrency industry may be presented to the parliament soon:
“These regulations have been in the works for more than two years, including discussions with cryptocurrency exchange firms, so they should be ready to be presented to parliament.”