The General Assembly of the Turkish Grand National Assembly will start its weekly work on Tuesday, June 25, and will consider a bill that includes amendments to the Capital Markets Law.
Features of the offer:
With this proposal, it will be mandatory to obtain permission from the Capital Markets Board (CMB) for the establishment and operation of crypto asset service providers.
Service Providers Declaration Obligation:
Officials of real and legal persons who provide crypto asset services without permission will be sentenced to imprisonment for three to five years and a judicial fine of five thousand to ten thousand days.
In addition, the directors, members and other relevant persons of crypto asset service providers will be sentenced to eight to fourteen years in prison and a maximum five thousand day judicial fine if they commit embezzlement.
One percent of all revenues of the platforms, other than the interest income of the previous year, will be paid to the CMB, and one percent will be paid to the TÜBİTAK budget by the end of May every year.
Those providing crypto asset services will have to apply for permission within one month from the date of entry into force of the law or will have to declare that they will take a liquidation decision within three months while protecting customer rights.
Crypto asset service providers located abroad will terminate their activities in Turkey within three months from the date of entry into force of the law.
Google is Coming to the Turkish Grand National Assembly for Digital Copyrights:
The Digital Media Commission, chaired by AK Party Hatay Deputy Hüseyin Yayman, will discuss the "digital copyright" issue and listen to Google officials.
The Human Rights Investigation Commission will receive information from Ministry of Health officials about "health services provided to convicts and detainees".
The Parliament will host group meetings of political parties on Tuesday and Wednesday.
President and AK Party Chairman Recep Tayyip Erdoğan will continue his work in the Parliament after Eid al-Adha and will speak at his party's group meeting.
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