Will Access to Foreign Crypto Exchanges Be Restricted in Turkey: What Are the Forecasts?

As a result of the regulations expected to be implemented in Turkey next year, some conditions may be imposed on global cryptocurrency exchanges.

Minister of Treasury and Finance Mehmet Şimşek announced that the legal work on cryptocurrencies has reached its final stages. Minister Şimşek said that first of all, a definition will be made regarding these, There may also be changes in the CMB law told.

Kafkas Sönmez, Global Growth Director of the cryptocurrency exchange Gate.io and CEO of GateTR, stated in his statements in recent weeks that the legal studies It may be finalized in the first weeks of January 2024. expressed.

Mindstone Blockchain Labs CEO Tansel Kaya, social media in your post, “Access to foreign exchanges will be restricted in the new regulation. “Local legs of the stock exchanges will continue to operate.” said.

Order books of many exchanges from foreign exchanges Stating that he received “They will most likely allow exchanges to import crypto. Individuals will not be able to buy it, local stock exchanges will buy it.” he commented.

Blockchain and Crypto Assets Association President Av. Oğuz Evren Kılıç, global cryptocurrency exchanges with legal regulations Some conditions may be imposed told.

Among the conditions to be imposed A company established in Turkey or an organic connection with this company to be, foundation capital and guarantee to be found and Obligations towards partners and managers determination is included.

Sword, This area cannot be left unattended due to issues such as the legal responsibility of global crypto asset exchanges towards investors and the public, tax liability and criminal auditing. said.

According to Kılıç, global stock exchanges that have an organic connection with a company in Turkey, this company over legally responsible and interlocutor will be.


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