Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cry...

Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cry...

The Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are now being investigated for fraud. The government is reportedly planning to establish a central custodian bank among other initiatives. The Turkish government is working on cryptocurrency regulation. Bloomberg reported on Tuesday that “The government is planning to establish a central custodian bank to eliminate counterparty risk,” citing a senior official familiar with the plans. The Treasury & Finance Ministry,....


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