Blockchain
Turkish Parliament Committee to Review Crypto Bill This Week
The Planning and Budget Committee of the Turkish parliament is set to deliberate on a draft law this week, which proposes that crypto asset service providers must acquire licenses and register.
This initiative is aimed at bolstering Turkey’s adherence to the standards set by the Financial Action Task Force (FATF). Turkey was placed on FATF’s “grey list” in 2021 due to insufficient oversight in sectors susceptible to money laundering and the financing of terrorist organizations.
The proposed legislation consists of 19 articles delineating the legal framework for crypto assets, outlining platform responsibilities, service parameters, and financial regulations. It necessitates obtaining licensing from Turkey’s Capital Markets Board and imposes strict security and operational criteria.
The bill is designed to safeguard investors against fraud and market manipulation, with unauthorized services being criminalized and penalties established for non-compliance.
Source: news.bitcoin.com
The post Turkish Parliament Committee to Review Crypto Bill This Week appeared first on HIPTHER Alerts.
Blockchain
DPcryptoX Global Innovation Summit to Be Held in Singapore in January 2025, Focusing on the Future of Digital Currency
Blockchain
Japan RegTech Business and Investment Report 2024: Market to Grow by 19.1% to Reach $210.5 Million this Year – Forecast to 2029
Japanese RegTech Market
-
Blockchain Press Releases4 days agoIntergiro And FinchTrade Partner To Bridge Fiat And Crypto Ecosystems With Embedded Banking And Instant Liquidity For Web 3.0
-
Blockchain Press Releases5 days agoArtprice by Artmarket’s 2024 Contemporary Art Market Report, coinciding with Frieze London and Art Basel Paris, thoroughly explores a market that has grown 1,800% since 2000, confirming that art is a safe haven in times of major crises
-
Blockchain Press Releases5 days agoAleph Acquires Controlling Equity Interest in Localpayment and Targets $1.4 Trillion Digital Payments Market
-
Blockchain Press Releases5 days agoTiger Brokers’ Yang Xu Shares Insights on Bitcoin ETFs Bridging the Gap Between Traditional Finance and Digital Assets
-
Blockchain5 days agoWirex Pay Announces Early Access to Its Revolutionary Crypto Payment App
-
Blockchain4 days agoDigital Payments in Healthcare Industry Forecast to Cross $21 Billion in Revenue by 2029 – PayPal, Square, Stripe, and Adyen Dominate the Competitive Landscape
-
Blockchain Press Releases5 days ago
Bybit P2P Spins the Wheel of Fortune to Unleash Rewards
-
Blockchain Press Releases4 days agoHTX Ventures Reveals how AI and Web3 Will Revolutionize DeFi and Beyond
