Turkey’s Legislators Meet Stakeholders to Discuss Crypto Regulation, Pledge Security and Innovation in Draft Law

cryptonews.com:

Turkey’s legislators met with digital asset stakeholders in a consultative meeting to discuss incoming crypto regulations on Tuesday.

Omer Ileri, the deputy chairman of the ruling party who oversees the Information and Communications Technologies disclosed the meeting with the team of crypto experts.

In a post on X (formerly Twitter), Ileri wrote that the administration’s work towards digital assets continues under the vision of President Erdogan stressing key areas of discussion.

Cumhurbaşkanımız Sayın @RTErdogan ‘ın ortaya koyduğu #DijitalinYüzyılı vizyonuyla çıktığımız yolda kripto varlıklarla ilgili çalışmalarımız devam ediyor. Bugün kripto varlıklara ilişkin yasa tasarısı konusunda sektör temsilcileriyle istişare toplantısı gerçekleştirdik.… pic.twitter.com/CaNI7sflt2

— Dr. Ömer İleri (@DrOmerileri) February 20, 2024

“Today, we held a consultation meeting with industry representatives on the draft law on crypto assets. I would like to thank our sector representatives for their contributions and hope that our meeting will be beneficial.”

The meeting with the lawmaker was to discuss incoming crypto regulations in the country as the global demand surges. Ileri stated that the laws will protect investors in the local cryptocurrency market.

Last year, global authorities increased regulatory pressure on the market following hacks recorded resulting in losses hitting billions.

Turkey hopes to roll out its crypto regulation to create a pathway and clear rules for industry participants. Notably, the consultation with stakeholders in the crypto sectors has been lauded for arriving at market-friendly legislation.

This is unlike the United States market where some rules are still uncertain with industry participants criticizing the