What will the cryptocurrency law bring? What to expect in Bitcoin and altcoins in 2022?


Crypto Technical Founder Altuğ İşler evaluates the crypto money bill that is expected to be submitted to the Parliament and the decline in Bitcoin to Berfin Çipa, World WEB TV Reporter.

BITCOIN FALLED HARD

Bitcoin is heading towards its worst monthly performance since May, losing more than 15 percent in December. Bitcoin closed May with a 35 percent decline.

WHAT IS THE CRYPTO MONEY LAW AND WHAT DOES IT INCLUDE?

Details about the law, which is aimed to bring order to the crypto money markets, started to emerge. According to the draft amendment on the regulation of crypto assets and crypto asset platforms in the Capital Market Law discussed by the crypto industry, while the authority to allow crypto money platforms and service providers was given to the CMB, the work for the law to regulate the crypto market accelerated.

Those who make crypto-asset purchases, sales and transfers in institutions not authorized by the Board may be fined up to the amount of the transaction, not less than 20 thousand liras. The Board will be authorized to determine the crypto assets to be traded on the platforms, to terminate the trading, to dispose of the crypto assets whose trading is terminated.


Source: Dünya Gazetesi by www.dunya.com.

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