Turkey has hinted at plans to overhaul its virtual currency framework for a new rule book focused on safeguarding the interests of investors in the sector. The country’s ambitious plans were disclosed in the 2024 Turkish Presidential Annual Program published in its official gazette at the end of October.
According to the 497-page document, the Turkish government is keen on introducing new definitions for key terms to encourage regulatory clarity. Under the proposed framework, the government will offer modern definitions for virtual asset service providers to include exchanges and brokers.
Turkey has hinted at plans to overhaul its virtual currency framework for a new rule book focused on safeguarding the interests of investors in the sector. The country’s ambitious plans were disclosed in the 2024 Turkish Presidential Annual Program published in its official gazette at the end of October.
According to the 497-page document, the Turkish government is keen on introducing new definitions for key terms to encourage regulatory clarity. Under the proposed framework, the government will offer modern definitions for virtual asset service providers to include exchanges and brokers.