It is rumored that Turkey is currently fine-tuning new crypto legislation to forward to the parliament.
According to Turkey government officials, it is speculated that the new legislation will be forwarded in the coming week.
Elaborating on the coming legislation, they mentioned that the new framework would require to first have $6 million in the capital before continuing its associated crypto activities. Moreover, foreign trade platforms and services will be required to create a branch within Turkey so they can be taxed.
Despite how surprising this might be to irregular readers, this action was a long due since the last week’s meeting held at the president’s office.