Turkey’s Draft Cryptocurrency Bill to Be Re-Evaluated

A significant development has occurred regarding the draft law prepared in Turkey concerning crypto assets. Ömer İleri, Deputy Chairman of the AK Party and Head of Information and Communication Technologies, announced that the articles related to crypto assets in the bill being discussed in the Grand National Assembly of Turkey have been decided to be re-evaluated.

İleri stated in his announcement that crypto asset regulations will be reviewed taking into account the rapid changes and developments in the sector. He indicated that the decision was conveyed to the Grand National Assembly by the party group, signaling that work on the current draft will be reshaped accordingly.

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The statement also added that Turkey aims for a stronger global position in technology and innovation as part of its “Turkish Century” vision. In this context, it was conveyed that regulations concerning next-generation financial technologies such as crypto assets will be addressed with a dynamic approach.

İleri also thanked the institutions that contributed to the process, stating that the relevant stakeholders, especially the Ministry of Treasury and Finance, approached the process with sensitivity. Thanks were also extended to President Recep Tayyip Erdoğan for his instructions and guidance.

*This is not investment advice.

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