๐ ๐๐ช๐ง๐ ๐๐ฎ ๐๐ฃ๐ฉ๐ง๐ค๐๐ช๐๐๐จ ๐๐๐ฌ ๐๐๐๐ช๐ก๐๐ฉ๐๐ค๐ฃ๐จ ๐๐ค๐ง ๐พ๐ง๐ฎ๐ฅ๐ฉ๐ค ๐๐ญ๐๐๐๐ฃ๐๐๐จ
Turkey has rolled out new regulations aimed at tightening oversight of cryptocurrency exchanges. The rules mandate enhanced KYC (Know Your Customer) processes, stricter financial reporting standards, and higher capital requirements for operating licenses.
These measures are designed to protect investors and curb illicit activities in the crypto space. While some view the regulations as a step toward legitimizing crypto in Turkey, others express concerns about potential overreach and the impact on smaller exchanges.
๐ฌ Do you see such regulations as a safeguard for investors or a hurdle for innovation in the crypto industry?
Source: Coin Turk
