Efforts to regulate cryptocurrencies on a global scale continue. In Turkey and around the world, regulations surrounding cryptocurrencies are maturing. South Korea has decided to postpone the taxation of cryptocurrencies until 2027. Meanwhile, the United States is entering a new phase in regulation with Trump’s potential election victory.
SPK and Cryptocurrency Announcements
Today, İbrahim Ömer Gönül, the Chairman of the Capital Markets Board (SPK), made significant announcements at the 8th Capital Markets Congress. He addressed various topics, including the incorporation of financial literacy into education. The SPK President also stated that secondary regulations related to cryptocurrencies would be implemented soon.
Protecting Investors Through New Rules
The institution, which has taken significant steps towards regulating exchanges, has also made numerous improvements regarding compliance. Important rules have been introduced to protect investors, including the separation of customer assets from exchange reserves and restrictions on taking positions against customers.
“We are taking steps to implement secondary regulations related to cryptocurrencies very soon.”
With the completion of these regulations, on-site inspection activities will begin, and the authorization process will be completed. Considering that the volume in local exchanges has exceeded 50 billion TL on some days, the significance of such steps for investors becomes clearer.
