Odaily Planet Daily News Turkey is preparing to submit a new law to regulate crypto assets to parliament. The law aims to align with international standards and reduce the risks associated with cryptocurrency transactions. The Capital Markets Board will strictly regulate the licensing and operation of cryptocurrency trading platforms. It will also ensure the safe custody of assets, establish a transparent platform-customer relationship, and clearly define sanctions for violations. The draft legislation is expected to be submitted to parliament within a week. The move, which has been strongly supported by Finance Minister Mehmet Şimşek, aims to remove Turkey from the "gray list" of financial crime regulators and improve its status under the Financial Action Task Force (FATF) standards. (Bitcoin.com)
