{"id":182157,"date":"2023-10-27T15:54:16","date_gmt":"2023-10-27T10:24:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=182157"},"modified":"2023-10-27T15:54:16","modified_gmt":"2023-10-27T10:24:16","slug":"turkey-plans-to-craft-crypto-framework-in-2024-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/turkey-plans-to-craft-crypto-framework-in-2024-crypto-news\/","title":{"rendered":"Turkey plans to craft crypto framework in 2024 &#8211; Crypto News"},"content":{"rendered":"<div data-v-8081b7b6=\"\">\n<p>The Presidential Annual Programm for 2024, published on Oct. 25 in Turkey\u2019s Official Gazette, sets an aim to finalize the crypto regulations in the country within the following year.\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 properly taxed afterward. The crypto asset providers, i.e., crypto exchanges, will also be given their 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. One of the largest trading platforms in the country, Thodex,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/turkish-crypto-exchange-thodex-ceo-11-000-year-prison-for-2-b-scam\">abruptly imploded in 2021<\/a>. <\/p>\n<p><strong><em><u>Related: <\/u><\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-all-time-highs-across-argentina-nigeria-turkey\"><strong><em>Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey<\/em><\/strong><\/a><\/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 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/turkey-has-an-obsession-with-crypto-specifically-dogecoin-study\">5.5% of the population<\/a> making them. The country saw an<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/crypto-usage-in-turkey-jumped-by-elevenfold-in-a-year-new-survey-shows\"> elevenfold rise in crypto use<\/a> in 2021 amid the ongoing inflation crisis of the local currency, lira. <\/p>\n<p>In December 2022, the Central Bank of the Republic of Turkey <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/turkey-s-central-bank-completes-first-cbdc-test-with-more-to-come-in-2023\">completed the first trial<\/a> of the digital lira and has signaled plans to continue testing throughout 2023. And while the government has still made no commitment to the ultimate digitalization of the country\u2019s currency, its president, Recep Erdogan, has repeatedly supported the digital lira project.<\/p>\n<p><strong><em><u>Magazine: <\/u><\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/magazine\/cuba-bitcoin-revolution-adoption-embargo\/\"><strong><em>The Truth Behind Cuba\u2019s Bitcoin Revolution. An on-the-ground report<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Presidential Annual Programm for 2024, published on Oct. 25 in Turkey\u2019s Official Gazette, sets an aim to finalize the crypto regulations in the country within the following year.\u00a0 Article 400.5 of the almost 500-page document reveals the planned studies to define crypto assets, which might be properly taxed afterward. The crypto asset providers, i.e., [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":182158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-182157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=182157"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182157\/revisions"}],"predecessor-version":[{"id":182160,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182157\/revisions\/182160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/182158"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=182157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=182157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=182157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}