There have been many developments regarding the crypto money law, which has been on the agenda of Bitcoin and altcoin investors in Turkey for a long time.
The agenda, which moved after President Erdogan’s promise that the crypto money law is ready and expected to go to the Parliament in the coming days, went until the crypto money community voiced this issue in the Parliament.
Especially, Mustafa Elitaş, AK Party Group Deputy Chairman, had many explanations on this subject.
What is the Final State of Crypto Law?
It is known that in the recent statements about the crypto money law, it is known that “this will not be a prohibitive law, it will be a regulatory law to prevent their victimization”. While all this was going on, Özgür Akbaş from NTV reported the latest development regarding the law.
According to the special news, the regulation is expected to consist of 10-12 articles.
Capital Requirement for Exchanges
Among the articles, it is stated that a capital requirement of more than 1 billion liras will be imposed on local stock markets. It is stated that a full decision will be made in the coming days regarding this limit, which is currently spoken as 1 billion liras.
System Requirement for Overseas Stock Exchanges
Since the crypto money law came to the fore, one of the most curious issues is whether foreign exchanges will be banned. Because it is known that the crypto money communities that go to the Parliament usually focus on this issue and make a statement that these exchanges should not be “banned”.
According to the information conveyed, it is also expected that foreign exchanges may be required to establish a system infrastructure established in Turkey.
Will Taxes Be Taken?
The most striking detail about the regulation was about taxation. in editing “No taxation from individual investors outweighs” it was said.