Crypto asset bill was discussed in the Turkish Grand National Assembly

Crypto asset regulations in Turkey are entering a historic period. The crypto asset law was submitted to the General Assembly of the Turkish Grand National Assembly (TBMM) and the General Assembly completed the entire discussions on the Draft Law on Amending the Capital Markets Law. Different political views and proposals were influential in the shaping of the law.

This bill is considered the first step in regulating the activities of crypto asset platforms and creating a valuable framework in the field. It is a matter of great curiosity what kind of regulation will occur in the crypto asset market in the future. The opinions expressed are as follows:

AK Party Deputy Leader and Ankara Deputy Ömer İleri:

“Our proposal is a valuable study that regulates the activities of crypto asset platforms, brings a framework in this sense and can form the basis for future regulations. “Within the scope of this proposal, crypto assets will have a legal framework for the first time in our country.”

Felicity Party Mv. Necmettin Çalışkan:

“We have a hastily prepared crypto law before us. “This law is coming because the government has put on glasses and is looking at where the source money can come from.”

İYİ Party Deputy Ümit Özlale:

“ Ethereum There is a huge cost to produce. Currently 1 of Bitcoin The production cost is around 15-20 thousand dollars. We need legislation regarding these. “There should be a crypto asset production in Turkey.”

Felicity Party Mv. Selim Temurci:

“Let’s protect small investors, but the profits of big investors who make great money from cryptocurrencies definitely need to be taxed and we need another crypto tax law.”

CHP Karabük Mv. Cevdet Akay:

“The tax aspect is valuable. There is a BITT rate of 5% applied in our banking system. I think this is high for the crypto market. However, a rate between 2 per thousand and 6 per thousand can be applied.”

AK Party Mv. Zeynep Yıldız:

“Germany is making regulations within the framework of the EU’s directives, but these have not become law. “In the USA, crypto assets are on the agenda of the senate and congress, but they carry out the process through various decrees and do not have a code law.”

CHP Malatya Mv. Veli Ağbaba:

“Crypto is a dark environment where more than one person goes bankrupt and sometimes even commits suicide while trying to become strong the easy way.”

This news was first published on the Coin Engineer website.