CMB President Ömer Gönül Talked About Cryptocurrency Regulations!

As regulatory efforts relating to cryptocurrencies proceed, new statements got here from CMB President İbrahim Ömer Gönül.

In response to CNN, SPK President Ömer Gönül, talking on the eighth Capital Markets Congress, mentioned that secondary laws relating to cryptocurrencies are being labored on.

İbrahim Ömer Gönül made a press release on the matter: “We’re taking steps to implement secondary laws relating to cryptocurrencies very quickly.”

Following the publication of the secondary regulation, on-site inspections will likely be performed at crypto asset service suppliers and the authorization course of will likely be accomplished.

What occurred?

As is understood, the “Act on the Modification of the Capital Markets Act” quantity 518, identified to the general public because the Cryptocurrency Act, entered into power in Turkey in the beginning of July by publication within the Authorities Gazette on 02.07.2024.

Throughout the scope of this legislation, cryptocurrency service suppliers working or about to function in Turkey have been positioned underneath the regulatory and supervisory authority of the Capital Markets Board (CMB).

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