The date for secondary regulations targeting the cryptocurrency sector has been announced. New rules are planned to establish a more robust foundation for operations in the industry. New regulations for crypto assets are on the way. The regulations are expected to come into effect in January 2025. Elif Gönençer, Deputy Secretary General of the Capital Markets Association of Turkey (TSPB), stated that “Secondary regulations will significantly contribute to processes progressing in a clearer, more transparent, and reliable framework.” It is anticipated that the new regulations will be enforced within six months after being passed into law. Gönençer mentioned that while the crypto law outlines a general framework, the new regulations will determine operations. She also noted that all crypto asset service providers will become members of the TSPB due to changes in laws and status. Gönençer expressed that many clauses aimed at protecting investors will be implemented after the secondary regulations, believing that more people will show interest in this ecosystem. Additionally, Gönençer stated that they will produce research reports for investors, markets, and regulatory authorities related to the crypto asset world.
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