Turkey Prepares Regulatory Package to Protect Consumers and Foster Innovation in Crypto Industry

Turkey is working on a set of regulations for the crypto industry with the aim of protecting consumers and promoting innovation, according to Ömer İleri, deputy chairman for the ruling AK Party. İleri, who oversees Information and Communication Technologies for the party, met with representatives from the crypto industry to discuss the planned legislative package. The proposed rules will ensure consumer protection while also supporting innovators and innovation. Turkey has shown interest in various tech fields, including blockchain and artificial intelligence, with initiatives such as Blockchain Istanbul and Forum Metaverse.