Turkish Parliament approves crypto assets regulation bill with fines and prison terms for violations.
Turkish Parliament approves crypto assets regulation bill, with new laws imposing fines of up to $182,600 and five-year prison terms for violations. Crypto asset service providers must obtain permission from the Capital Markets Board (SPK) before establishment and operation. The Capital Markets Board will handle the ecosystem's regulation, while the Scientific and Technological Research Council of Turkey (TÜBITAK) will determine criteria for information systems and technological infrastructure.
June 27, 2024
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