Cryptocurrencies, which are getting more and more popular day by day, attract people’s attention especially due to their increasing usage areas and income. However, it is not only people who are aware of this situation. Many countries around the world continue to work to regulate or ban these digital assets.
If Turkey cryptocurrency It is in the first group that wants to enact the law. Our country, which rolled up its sleeves to make regulations on this issue a while ago, has completed the first phase. President Recep Tayyip ErdoganThe crypto money report, which was started to be prepared with the instruction of .
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Cryptocurrency law exceeds 3 trillion dollars
According to the news of Önder Yılmaz from Milliyet, the Turkish Grand National Assembly has completed its comprehensive report on cryptocurrencies. In the 68-page report titled Country Examples of Regulatory Regulations Regarding Crypto Assets, the crypto asset market, which was $ 14 billion in 2016, today reached $3 trillionIt was stated that the use of crypto assets as a means of payment has become widespread in many areas from tourism, education, digital publishing to shopping for works of art.
In the report, which noted that there is no international standard yet, some countries see crypto assets as an “opportunity” and some as a “threat” and go on the way to ban them, the difference of opinion between countries was also emphasized. At the same time, it was underlined that the subject is very technical and that it is necessary to benefit from the opinions of experts in possible legal situations.
In the report, which states that there is serious information pollution at the point of monitoring the regulations made by the countries, it is seen that the mainstream media on a global scale misrepresents their legal regulations both consciously because the crypto market is prone to manipulation, and unconsciously because the media is unfamiliar with the subject.
This and many other information in the aforementioned report will be used by Turkey while preparing the crypto money law. So what do you think about this subject? Give your feedback in the comments section or SDN ForumYou can share it with us.