Turkey will soon take steps regarding cryptocurrencies, which have become an issue of concern for many governments and central banks.
A law on cryptocurrencies is ready and will soon be discussed at the national assembly, President Recep Tayyip Erdoğan said Friday during a meeting with the press in Istanbul where he also made statements on Turkey’s new economy model and finance model.
The country has already been accelerating its work on regulations for the digital tokens’ market, particularly after two cryptocurrency exchanges collapsed in April.
The government is looking to establish a central custodian bank to eliminate counterparty risk, a Bloomberg report said at the time, citing a senior official familiar with the plans.
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