Thursday, September 23, 2021

The Cryptocurrency Law Comes in October!

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The cryptocurrency law in Turkey is being introduced in October 2021.

The cryptocurrency law in Turkey is being introduced in October 2021.
The relevant statement came from Sakir Can Gul, deputy minister of the Ministry of Treasury and Finance. Noting that the long-standing legislative work has been completed, Gul announced that the relevant legislation is planned to be enacted in the next legislative period (Oct.
Gul stated that a stricter law is planned to be introduced compared to Western Europe and the United States, and announced that law in line with the Turkish economy, a “free exchange rate, and exchange rate regime”, will be introduced.
Speaking at the Parliamentary Plan and Budget Commission, Gul underlined that he could personally take a tougher stance on cryptocurrencies while explaining that he favors a freer structure under the roof of the Ministry of Finance.

Uncertainty Will Disappear


Accordingly, with the introduction of the cryptocurrency law in October, which did not reach the last legislative period, it is aimed to eliminate the cryptocurrency law deficit in our country and streamline it.
While it is a well-known fact that many projects and initiatives that benefit from the lack of regulation victimize investors, the elimination of uncertainty by law is seen as an important step in eliminating the questions that occur in the heads.

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