Turkey Plans to Present Law on Cryptocurrencies in October: Report

Turkey Plans to Present Law on Cryptocurrencies in October: Report

The Turkish government plans to present a bill regulating cryptocurrencies to Parliament in October, Sabah reported.

  • The bill will be modelled on legislation in Europe and the U.S., Sabah said, citing Deputy Minister of Treasury and Finance Sakir Ercan Gul.
  • Crypto-asset companies will be supervised by the Capital Markets Board and will need to set aside minimum capital requirements.
  • Source