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.
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