Bitci CEO Ahmet Onur Yeygün: Regulations may bring about mergers and acquisitions in the Turkish cryptocurrency ecosystem

With the regulations coming to the fore, the cryptocurrency markets in Turkey were placed on stronger foundations and confidence in the markets increased. Bitci CEO Ahmet Onur Yeygün stated that the new regulations will protect users and investors and prevent activities that will damage the prestige of the ecosystem. It is anticipated that these steps will increase the interest of foreign investors in Turkey and strengthen the country’s position in the cryptocurrency industry.

With the regulations coming to the fore, the cryptocurrency markets and ecosystem in Turkey have built on stronger foundations. Stating that regulations, which mean the state’s involvement in the markets, increase confidence in the markets Bitci CEO Ahmet Onur YeygünHe shared his views on the issue. Yeygun, “On the contrary, the new regulations will protect users and investors and prevent activities that will damage the prestige of the ecosystem. This will play an important role in increasing the interest of foreign players in our country. In particular, it will enable companies that see Turkey as a sufficient market and contribute to the development of the Turkish crypto industry, but do not have an official office in Turkey, to carry out the necessary work to continue their activities in our country.

These studies can be carried out in two forms. The first may be in the form of opening an office directly in Turkey and appointing a local representative with the investments to be made. The second may be to cooperate with a local partner that already has a presence in Turkey. This cooperation can also occur in the event of a direct purchase of a company or a merger. No matter how they are made, direct investments in our country will contribute to both our country and our department.

With the new steps to be taken, the legal process will gain a more robust structure.

Such steps are of great importance in terms of ensuring that the user or investor can find a direct contact person, especially in the services provided by our foreign stakeholders. “I believe that with the new steps and updates to be taken in the coming period, the legal process will gain a more solid structure, which will further strengthen Turkey’s position in the global cryptocurrency industry.” made his statements.

While the regulation process continues to attract the attention of both domestic and foreign investors, this will increase confidence in the markets and further strengthen Turkey’s position in the cryptocurrency industry. Investments and collaborations to be made in this context will also contribute to the economic development of the country.

About Bitci:

Bitci, which has been operating in the field of buying, selling, transferring and storing cryptocurrencies since 2018 and is Turkey’s most successful launchpad platform, is Turkey’s 2nd largest cryptocurrency exchange, according to Coingecko information. In the meantime, again in line with Coingecko information, the stock market, which supports the statement of “Turkey’s fastest developing digital asset platform” with data, by increasing its market share from 0.9% in 2022 to 12% in 2023, is Turkey’s first stock market integration. With the blockchain network BitciChain, it enables companies and institutions to adapt to blockchain. Bitci; It continues to contribute concretely to the development of cryptocurrency markets with its products such as Global Fan Token and Bitcicoin.