Turkish parliament approves legislation that oversees stricter oversight on crypto market, putting the handling of digital currencies under the radar of country’s market regulator, according to state-run Anadolu Agency.
- Establishment of crypto platforms will be subjected to Capital Markets Board’s approval, and the board will have the right to temporarily suspend operations
- Crypto platforms’ financial supervision to be handled by independent audit firms on CMB’s list
- Investors will be exempted from indemnification rights
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