- Turkey is preparing a package of regulations for the crypto industry.
- These regulations will protect users and promote innovation at the same time.
In Turkey are preparing a new package of regulations for the cryptocurrency industry, which “are designed to protect consumers and simultaneously support innovation7. Omer Ileri, deputy chairman of the ruling AK Party, said this in an interview with CoinDesk after a meeting with representatives of the cryptocurrency sector.
He stated that the meeting was very useful and industry participants shared their thoughts on assessing the situation. Ileri noted that both parties have similar views in the process.
“Our goal is to keep citizens safe, protect investors, regulate platforms but also present a bill that opens the way for innovation,” Ileri said.
The politician also noted that the government has “big plans for various technology sectors such as blockchain and artificial intelligence.” As an example of the government’s interest in the cryptocurrency sector, he noted such events as Blockchain Istanbul and Forum Metaverse.
Recall that at the end of 2023, the media reported that the law on the regulation of cryptocurrencies in Turkey was at the “final stage”.
Already in January next year, it was reported that local authorities are working on the legal definition of cryptocurrencies and are approaching the final stage of regulation of the crypto market.
