CryptoNews

Turkey Prepares New Crypto Law to Align With International Standards

Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the licensing and operation of cryptocurrency trading platforms by the Capital Markets Board. It will also ensure the safe custody of assets, establish transparent platform-customer relationships, and specify sanctions for non-compliance. The draft legislation is expected to be submitted to Parliament within a week. This initiative, strongly endorsed by Treasury and Finance Minister Mehmet Şimşek, seeks to remove Turkey from a financial crime watchdog’s “gray list” and enhance its standing under the Financial Action Task Force’s standards.

Source: Bitcoin

Related posts
AI & RoboticsNews

What enterprise leaders can learn from LinkedIn’s success with AI agents

AI & RoboticsNews

Walmart cracks enterprise AI at scale: Thousands of use cases, one framework

AI & RoboticsNews

Nvidia’s ‘AI Factory’ narrative faces reality check as inference wars expose 70% margins

CryptoNews

Binance Founder Declares 0.1 Bitcoin the Future American Dream

Sign up for our Newsletter and
stay informed!