#ultimasnoticias The Planning and Budget Commission of the Grand National Assembly of Türkiye approved a legal regulation on crypto assets.
This new law aims to protect investors and requires crypto asset service providers to obtain permission from the Capital Markets Board (CMB) to operate.
Those who operate without authorization will face harsh penalties, including imprisonment and substantial fines. In addition, it is established that a part of the income from these platforms will go to the WBC budget and TÜBİTAK.
Foreign cryptoasset companies will have to cease operations for Turkish residents in three months.