President Erdogan: Cryptocurrency regulation is ready

President Recep Tayyip Erdoğan met with economists in Istanbul. 15 economists and financial journalists took part in the assembly, which lasted roughly 2.5 hours.

Erdogan introduced the brand new economy model at the assembly, gained the economists’ critiques and proposals and replied the questions.

“The legislation is set, we will send it to the Parliament immediately”

Erdogan made a press release during the meeting that still closely issues crypto cash buyers. The President said that the crypto money law is ready regarding the lengthy-awaited law and that they are going to ship it to the Parliament without delay.

Ministry officials and comparable events had been working on the legislation of crypto cash for a while. In Might, Treasury and Finance Minister Lütfi Elvan stated that they were engaged on the problem of cryptocurrencies in coordination with the CMB, BRSA, Earnings Administration, MASAK and the Primary Bank.

Previously, President of the Central Bank of the Republic of Turkey Şahap Kavcıoğlu mentioned that they have got no purpose of banning cryptocurrencies and referred to that they are engaged on regulations. had expressed. The Chairman said, “So Much of the foreign currencies deposit debts (DTH) go to TL deposits. we’re uncomfortable with a undeniable phase that goes into cryptocurrency.” He spoke.