AK Party Will Submit the Bitcoin (BTC) and Altcoin Bill to the Parliament This Week!

Investors' eyes turned to the crypto asset bill.

Turkish cryptocurrency investors have been following the upcoming crypto asset law in our country for a long time. The taxes, audits and regulations that will come with this law are of great concern to crypto investors and companies.

According to the latest information, the crypto asset law proposal, developed and created under the chairmanship of AK Party Group Chairman Abdullah Güler, will be presented to the Turkish Grand National Assembly (TBMM) as of next week.

In line with this bill, important steps will be taken for the crypto market. Here are some critical decisions that will be included in the crypto asset law:

🛑Licensing of trading crypto asset platforms by CMB

🛑Crypto companies are included in the scope of regulation and supervision by the CMB

🛑Clarification of penalties and sanctions regarding crypto platforms

🛑The criteria regarding the operating principles of crypto platforms will be determined by the secondary regulation.

It is said that this crypto law proposal aims to reduce the risks for investors buying and selling crypto money in Turkey.

In addition, with the latest proposal, the Scientific and Technological Research Council of Turkey (TÜBİTAK) is expected to be encouraged to develop software for blockchains.