Regulations for cryptocurrencies are of great importance in our country where Bitcoin and altcoins are very popular. While many investors wonder when the regulations will come or what they will cover, Mehmet Ali Akben, Chairman of the Banking Regulation and Supervision Agency (BDDK), made new statements on this issue. Here are the details…
BRSA President made a statement regarding cryptocurrencies
Mehmet Ali Akben, at a conference held at Gaziantep Hasan Kalyoncu University, people were confused because cryptos are new. He stated that there is no regulation in this area in many countries. He noted that necessary meetings were held in Turkey on this issue. “I came here from the Ankara meeting on what can be done on the digital side regarding the regulation of cryptocurrencies,” said Akben, noting that there are studies in this area and that no regulation has yet been made in many countries of the world. He also states that there is uncertainty about what these cryptos will replace and what the system will evolve into.
Stating that there has been an inflation and energy problem in the world recently and that we are one of the countries most affected by this situation, Akben said that the expectations are that the inflation spiral will come soon. to get rid of. Expressing that it is necessary to catch alternative finance products before those who want to catch up before our age, Akben says the following:
It is of course very important to create new technologies and new investment areas in countries with a savings deficit like ours. […] Finance is meaningless if it is a continuation of assets. It should definitely become an alternative. There’s a big cake here. There is great competition. There is a larger group opposite.
Reports of the future of regulation had surfaced
, as we reported yesterday to Bloomberg . According to two officials, crypto money studies in Turkey accelerated, he said. It was stated that these studies are generally aimed at crypto platforms. The laws in question include that local Bitcoin and altcoin exchanges will continue to operate in line with a certain capital. In general, it is aimed at protecting users. It is claimed that the law will be presented to the parliament in about two weeks.
