Turkey Crafts Legislation For Bitcoin, Crypto Oversight: Report Today

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Turkey is close to presenting draft legislation to regulate the Bitcoin market, especially businesses involved in the sector that operate in the country, Bloomberg reported on Wednesday.

Two Turkish officials familiar with the matter told the news outlet that President Recep Tayyip Erdogan’s governing AK Party is set to submit bills to parliament containing the new rules in the coming weeks. The bill is set to include measures for businesses providing cryptocurrency businesses to the public, such as exchanges.

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