Golden Finance reported that the Turkish Parliament passed the "Amendment to the Capital Market Law", introducing new regulations on crypto assets, the main contents of which include: 1. The Capital Markets Committee (SPK) now has the power to supervise cryptocurrency transactions and "take measures and sanctions", such as freezing and confiscating funds. Platforms must develop written listing procedures to determine which crypto assets will be traded or offered and distributed for the first time, and comply with the principles and regulations of the SPK. 2. Individuals and legal persons who operate crypto asset services without authorization will face 3 to 5 years in prison; service providers who embezzle entrusted funds or assets, including crypto assets, will face 8 to 14 years in prison and compensation for losses; if the crime involves deception to conceal the embezzlement of public funds, the offender will face 14 to 20 years in prison; individuals who are found to have illegally used the resources of a revoked crypto asset service provider for personal or third-party benefits will face 12 to 22 years in prison. 3. Platform prices will be freely determined, and a monitoring system must be established and all preventive measures must be taken to detect, prevent and avoid disruptive market behavior; platforms should identify and report behaviors and transactions that disrupt market order, take necessary measures such as restricting, suspending, and closing the accounts involved, and report to the SPK. 4. SPK will formulate regulations on investment consulting and portfolio management related to crypto assets. Authorization certificates will be issued to crypto asset service providers to carry out their activities. Banks will need to obtain approval from the Banking Supervisory Authority (BDDK).