Turkey Implements First Legal Regulation for Crypto Assets
Turkey’s Minister of Finance, Mehmet Şimşek, announced today that the first legal regulation concerning crypto assets has been approved by the Grand National Assembly of Turkey (TBMM). Şimşek highlighted that this regulation is a crucial step in their reform agenda.
With the new law, definitions and regulations regarding crypto assets in Turkey have been established, similar to global examples. Minister Şimşek stated that this regulation aims to make the crypto asset market more transparent and reliable.
This legal regulation is considered a significant milestone in the integration of crypto assets into legislation. Minister Şimşek expressed that this step would contribute to the development of crypto technologies on a more effective and secure legal basis.