HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinTurkey mulls addressing licensing and taxation in new crypto rule

Turkey mulls addressing licensing and taxation in new crypto rule

Bora Erdamar, a representative from the BlockchainIST Center, has highlighted the importance of upcoming regulations in the cryptocurrency industry. Erdamar emphasized that these regulations will focus on implementing specific licensing standards to prevent any potential abuse of the system. The aim is to create a more secure and transparent environment for the crypto market. These licensing standards will help to regulate the activities of individuals and organizations involved in the crypto space, ensuring that they adhere to certain guidelines and best practices. This will ultimately contribute to the overall stability and trustworthiness of the cryptocurrency industry.

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