Elitaş: “Our aim is a regulatory law, not a prohibitive one”

Ak Party Group Deputy Chairman Mustafa Elitaş made statements to DHA about the crypto money law.

Elitaş met with the officials of domestic and global stock exchanges in the past days and stated that they continue to take the opinions of the leading stakeholders in Turkey and the world on the legal regulation. He stated that they received the opinion of 7 different groups.

To Elitaş words,

“What we want to do is to come up with a regulatory, not a prohibitive, piece of legislation. Our aim is a legal regulation that prevents the people who enter the market, people who want to invest here, people who try to use a certain amount of savings in crypto assets, from being victimized.”

he continued.

Stating that each group they invite to the Parliament and listen to express themselves differently, Elitaş said that their aim is not to please everyone one hundred percent.

Elitaş stated that a citizen in Adana lost his savings due to cryptocurrencies and ended his life,

“We are preparing this legal regulation in order to eliminate such grievances and to solve technical problems, if any. Hopefully, we will do our best to prevent these situations from happening.”

said.

Elitaş, which stands on price manipulations:

“We advise our citizens not to make a mistake by being deceived by advertisements, misleading information or someone who is open to manipulation, by instigating prices by 10-20 percent, or even by over 100 percent per day. I advise them to be careful. We are working for a regulation that prevents victimization, regulates the market, is not obstructive, but in favor of the citizens. The trading of these crypto assets is an existing reality. You cannot avoid this fact. But it is true that there is a gap in the middle. We are trying to fix that gap.”

made statements.

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