The Turkish Parliament has approved a law regulating the use of cryptocurrency. Violations carry fines of $7,500 to $182,600 and prison sentences of three to five years. 🚨 The new law states that crypto exchanges that want to operate legally must be licensed by the Capital Markets Board, Turkey's financial regulatory and supervisory authority. Additionally, crypto platforms must ensure that customer fund transfers are accessible and traceable to legal authorities. The law has been submitted for Erdoğan's approval and, if approved, will be published in the Official Gazette by the end of the week.