Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.
The government of Turkey, one of the biggest cryptocurrency economies in the world, is expected to introduce crypto-related legislation sometime this year.
Turkish Treasury and Finance Minister Mehmet Simsek announced in January that local crypto legislation was almost complete. Many expected the Turkish parliament to start regulating the crypto market in early 2024, but the draft legislation is yet to be introduced.
As Turkey’s regulatory silence on crypto may leave one wondering when the legislation is coming and what is the current status of crypto regulation in Turkey, Cointelegraph spoke to some local industry enthusiasts to clarify some of the issues.