The bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator's scope.
The proposed law aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB
The bill, introduced by ruling party chairman Abdullah Güler, includes various regulations regarding crypto assets and will be implemented by the Capital Markets Board . This proposal establishes important rules regarding crypto service providers and increases the CMB’s supervision over them. Although there is no provision regarding taxation in the bill, CMB and TÜBİTAK will obtain certain rates of income from crypto service providers. CMB and TÜBİTAK will receive 1% of these revenues from crypto service providers. The Scientific and Technological Research Institution of Türkiye is a national agency of the country whose stated goal is to develop “science, technology and innovation” policies, support and conduct research and development.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cahill Gordon & Reindel Beefs Up Crypto Practice, Adds 3 Crypto-Native Lawyers Including Lewis CohenCheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Read more »
Shouldn't All These Crypto Lawyers Start Learning About Crypto?Justin Wales is the head of legal for the Americas at Crypto.com. He is the author of 'The Crypto Legal Handbook: A Guide to the Laws of Crypto, Web3, and the Decentralized World' (available at www.thecryptolegalhandbook.com)
Read more »
‘AI-Agents Will Do Crypto Transactions’: Arif Khan on the Future of Crypto-AIJeff Wilser is the author of 7 books including Alexander Hamilton's Guide to Life, The Book of Joe: The Life, Wit, and (Sometimes Accidental) Wisdom of Joe Biden, and an Amazon Best Book of the Month in both Non-Fiction and Humor.
Read more »
Crypto-to-crypto swaps, explainedCrypto swapping enables users to easily exchange one currency for another on centralized and decentralized exchanges.
Read more »
Crypto for Advisors: The Professionalization of CryptoSarah Morton is Chief Strategy Officer and Co-founder of MeetAmi Innovations Inc.
Read more »
History of Crypto: The future of crypto exchanges, regulatory battles, and governanceExplore the aftermath of the FTX exchange collapse, regulatory crackdowns, and the evolution of crypto governance. Discover how industry shifts shape the future of exchanges and investor safety
Read more »