New Statement by Mustafa Elitaş on Bitcoin and Cryptocurrency Regulation!

Mustafa Elitaş, AK Party Group Deputy ChairmanCryptocurrency has been on the agenda lately. He is the last to meet with crypto money representatives first. cryptocurrency Meeting with the stock market officials, Elitaş now spoke to DHA.

Making a statement today after the meetings he held, Elitaş said, “What we want to do is regulatory rather than prohibitive legislation. Our aim here is a legal regulation that will prevent people who try to use their savings in crypto assets from being victimized.” he began his speech.

What Did He Say About Tax?

Addressing the tax issue, Elitaş responded to the claims that “40 percent tax will come”, especially on social media;

The news that says “40 percent tax will come on social media” has no basis in fact.

Our aim is to determine how grievances occur in this market and to make arrangements accordingly. This is a very technical issue that is constantly evolving and even changing within seconds. Essentially, what we want to do is to reveal a general framework law.

We listen to the owners of savings and those who express their opinions on this subject, and we clarify what kind of approach and what kind of legal regulation should be. All the groups we talked to express different opinions, we will continue to listen to different stakeholders. As the TGNA, our duty is to create a combination of general requests and bring the majority of them together in a reasonable component, instead of satisfying a person or institution 100 percent.”

In the continuation of the speech, he stated that there are many grievances in this market and that investors are making losses with high profit promises. Elitaş called on investors to “be careful”. He again underlined that they want to prevent these grievances with the new legal regulation.

The Last Word of Parliament

Elitaş said that after meeting with the stock exchange representatives, they would discuss the draft with the relevant institutions:

We will first share it with institutions such as the Ministry of Treasury and Finance, then the Banking Regulation and Supervision Agency and the Capital Markets Board, to clarify the draft and try to enact it into law. Several institutions have studied the existing draft. We do not find it correct to see the existing draft as a law.

The final word will be given to the Parliament in its final form. Because we are already negotiating with the stakeholders to put forward a draft,” he said.

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