Share this article
BTC
$83,606.04
-
0.98%ETH
$1,813.25
-
0.77%USDT
$0.9997
-
0.01%XRP
$2.1404
+
1.95%BNB
$596.39
-
0.34%SOL
$121.32
+
2.06%USDC
$1.0000
+
0.02%DOGE
$0.1696
+
1.71%ADA
$0.6576
-
0.37%TRX
$0.2376
-
0.26%LINK
$12.90
-
1.66%LEO
$8.9524
-
4.32%TON
$3.3156
-
6.69%XLM
$0.2572
-
2.78%AVAX
$18.22
-
2.03%SUI
$2.2450
-
1.26%SHIB
$0.0₄1237
-
0.93%HBAR
$0.1624
-
1.91%LTC
$83.95
-
0.93%OM
$6.2849
-
0.90%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Turkey Plans to Present Law on Cryptocurrencies in October: Report
Crypto-asset companies will be supervised by the Capital Markets Board and will need to set aside minimum capital requirements.
The Turkish government plans to present a bill regulating cryptocurrencies to Parliament in October, Sabah reported.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The bill will be modeled on legislation in Europe and the U.S., Sabah said Monday, citing Deputy Minister of Treasury and Finance Sakir Ercan Gul.
- Crypto-asset companies will be supervised by the Capital Markets Board.
- The legislation will supervise trading, strengthen protections for investors and help prevent the use of crypto for illicit purposes.
- Tax will be charged on holdings above a certain amount, and capital requirements will be introduced for companies with crypto exposure.
Read more: Turkish Crypto Exchanges Must Report Transactions Over $1,200, Finance Minister Says
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
