#Btc #Eth Turkey's new crypto law was presented to the parliament. So what does the law contain?

According to the conditions highlighted in the offer; There will be no tax on transactions, there will be a 2 percent service fee, stock exchange owners will take responsibility for embezzlement and personal bankruptcy, leveraged transactions will be prohibited, there will be cold wallets, and mining will not be possible.

The bill regulating the rules in the crypto assets sector operating through BLOCKCHAIN ​​infrastructure was submitted to the Presidency of the Parliament. With the regulation that brings radical changes to the Capital Markets Law, crypto exchanges will be allowed to operate through service providers licensed in this field. While the storage method in the "cold wallet" (a hardware device not connected to the internet) that investors eagerly awaited was allowed, cryptocurrency mining was not included in the legislation; Leveraged transactions were prohibited. While the crime of "embezzlement" is regulated for service providers operating cryptocurrency exchanges, liability for "personal bankruptcy" is also introduced. Crypto assets with their own software architecture can be exported from Turkey. While no tax was included in the proposal, a 2 percent service fee was envisaged to be paid for the Capital Markets Board and TÜBİTAK.

TOKEN ISSUANCE WILL BE POSSIBLE

It will be possible to export crypto assets with features specific to CAPITAL market instruments and crypto assets with their own software architecture such as Ethereum, Polkadot, Avalanche.

Or, if a payment is made with a crypto asset with the promise of partnership in a company, this transaction will be considered as an "unauthorized public offering" and will be processed in accordance with the Capital Markets Law. The rules of the Financial Crimes Investigation Board will be followed in customers' crypto asset transfer transactions. The information and data intended to be included in transfer messages regarding the sender and receiver will be fulfilled by crypto asset service providers.