The Ministers, who gathered at the Presidential Complex in Beştepe yesterday, held a meeting under the chairmanship of Vice President Fuat Oktay. In the second session of the meeting, where 3600 additional indicator discussions were discussed, the draft prepared on crypto money regulations was discussed.
To the meeting where the latest situation regarding crypto money regulations was evaluated. Nureddin Nebati, Minister of Treasury and Finance and Mehmet Mus, Minister of Trade also participated.
According to the news of Bloomberg, crypto money regulations that are on the agenda to be legalized in Turkey Capital Markets Board (CMB), Ministry of Commerce and the Central Bank of the Republic of Turkey. It is planned to be determined as authorized institutions.
It is expected to be authorized as the institution that will determine the principles for the issuance of crypto assets. CMBand also Authorized in the establishment of cryptocurrency exchanges it will be.
Cryptocurrency regulations also Obligation to comply with the same conditions as other financial institutions for existing domestic stock exchanges. expected to be brought. Accordingly, the financial status of crypto exchanges will be checked periodically and in case of weakness in a financial structure according to the determined conditions, 3 months will be given to the business. It is reported that there is a clause in the draft that if there is no improvement in the financial situation of the relevant company during this period, a decision to cease operations can be taken.
besides SPK Ministry of Commerce and Central Bank of the Republic of Turkey by crypto asset types arrangement and sanction It is expected that there will be other institutions responsible for the issues.
If the ongoing crypto currency bill comes into effect, it is expected that a decision will be made for non-resident-based exchanges to terminate their activities in Turkey after a month.
crypto bill, taking its final form with the addition of articles on taxation and entering the enactment process Waiting.