{"id":595705,"date":"2023-10-27T13:09:00","date_gmt":"2023-10-27T10:09:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/turkey-plans-to-craft-crypto-framework-in-2024\/"},"modified":"2023-10-27T13:09:00","modified_gmt":"2023-10-27T10:09:00","slug":"turkey-plans-to-craft-crypto-framework-in-2024","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/turkey-plans-to-craft-crypto-framework-in-2024\/","title":{"rendered":"# Turkey plans to craft crypto framework in 2024"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-10\/7c004f62-8d8f-4194-acc1-92bc7aafc666.jpg\" \/><\/p>\n<p itemprop=\"description\" class=\"post__lead\" data-v-8081b7b6> Crypto asset providers, such as crypto exchanges, will also be given a legal definition. <\/p>\n<p><\/p>\n<div class=\"post-content\" data-v-8081b7b6>The 2024 Turkish Presidential Annual Program, published on Oct. 25 in the Official Gazette of the Republic of Turkey, aims to finalize crypto regulations in the country within the calendar year of 2024.\u00a0<\/p>\n<p>Article 400.5 of the almost 500-page <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.resmigazete.gov.tr\/eskiler\/2023\/10\/20231025M1-1.pdf\">document<\/a> reveals the planned studies to define crypto assets, which might be taxed <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriately afterward. Crypto asset providers, such as crypto exchanges, will also be given a legal definition. However, the document contains no other details on the future regulations.<\/p>\n<p>In September 2023, the former CEO of Turkish crypto exchange Thodex, Faruk Fatih \u00d6zer, was sentenced to 11,196 years in prison by a Turkish court. Thodex, which was one of the largest trading platforms in the country,\u00a0abruptly imploded in 2021.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey<\/em><\/strong><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptomaniaks.com\/\">According<\/a> to a 2022 study, Turkey was the second nation in the world in terms of crypto-related search requests, with 5.5% of the population making them. The country saw an\u00a0elevenfold rise in crypto use in 2021 amid the ongoing inflation crisis of the local fiat currency, the Turkish lira.<\/p>\n<p>In December 2022, the Central Bank of the Republic of Turkey completed the first trial of its central bank digital currency, the digital lira, and has signaled plans to continue testing throughout 2024. And while the government has still made no commitment to the ultimate digitalization of the country\u2019s currency, Turkish President Recep Tayyip Erdo\u011fan has repeatedly supported the digital lira project.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>The Truth Behind Cuba\u2019s Bitcoin Revolution. An on-the-ground report<\/em><\/strong><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/cointelegraph.com\/news\/turkey-plans-craft-crypto-framework-2024\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto asset providers, such as crypto exchanges, will also be given a legal definition. The 2024 Turkish Presidential Annual Program, published on Oct. 25 in the Official Gazette of the Republic of Turkey, aims to finalize crypto regulations in the country within the calendar year of 2024.\u00a0 Article 400.5 of the almost 500-page document reveals&#8230;<\/p>\n","protected":false},"author":1,"featured_media":595706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-10\/7c004f62-8d8f-4194-acc1-92bc7aafc666.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75046,70934,75393],"class_list":["post-595705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cbdc","tag-regulation","tag-turkey"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/595705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=595705"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/595705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/595706"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=595705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=595705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=595705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}