Proposal law on crypto assets

Passed by the Turkish Grand National Assembly...❗️❗️❗️

The Bill on Amendments to the Capital Markets Law, which includes regulations regarding crypto assets, was accepted at the General Assembly of the Turkish Grand National Assembly (TBMM) and became law.

Accordingly, "wallet" is defined as software, hardware, systems or applications that enable the transfer of crypto assets and the storage of these assets or private and public keys related to these assets online or offline. According to the law, "crypto assets" are defined as intangible assets that can be created and stored electronically using distributed ledger technology or a similar technology, distributed over digital networks, and capable of expressing value or rights.

"Crypto asset service provider" includes platforms, organizations providing crypto asset custody services and other organizations designated to provide services related to crypto assets, including the initial sale or distribution of crypto assets in the regulations to be made based on this Law, while "crypto asset custody service "It will define the storage and management of platform customers' crypto assets or private keys that provide the right to transfer these assets from the wallet, or other custody services to be determined by the Capital Markets Board (CMB).

"Platform" is defined as organizations where one or more of the crypto asset purchases and sales, initial sale or distribution, clearing, transfer, storage required thereof and other identifiable transactions are carried out.

It is aimed to authorize the Board to determine the principles for issuing capital market instruments as crypto assets without being included in the Central Registry Agency (MKK) system.

📈📉 #kripto #türkiye