![Cryptocurrencies granted legal status in Turkey under new crypto law - CoinJournal](https://external-preview.redd.it/z16glj_nFgTn2n5RECPpQnSVkgaEc97jwDSJy3qlypY.jpg?auto=webp&s=71095ce1add02165d6694dc7408a2cd935260b86)
coinjournal.net/news/cryptocurrencies-granted-legal-status-in-turkey-under-new-crypto-law/
nope, not legal as payment method. investment asset only.
With how high inflation is in the country most shops should be happy to accept alternative payment.
Turk here. Nobody in Turkey is gonna be happy accepting something this volatile. The alternative they want to accept is USD, EUR etc.
RLUSD
What blockchain do you prefer to trade on? Tron?
Individuals involved in unlicensed transactions could face judicial fines calculated between 5,000 and 10,000 days and imprisonment ranging from three to five years.
It's easy for people to say comments like he did, in order to cope with the reality, while also getting up votes because moons and feel good.
We also have to pay tax now when that wasn't the case before.
My milkshake hasn’t been bringing anybody to the yard, so I’m gonna spend my BTC on butt implants.
Use case alert
As an already bald guy by 18yo, I'm happy for you.
I'll have to do that eventually thanks to this market
This spam is posted literally everyday. Don’t click the click
Unfun fact: This also means we gotta pay taxes on it which wasn't the case before
Real fact: Taxes are inevitable.
Been a good few years without them lol
Realer fact: Taxes are evadable
büllish!
I'm amazed no Turkish nationalists have showed up yet to correct our spelling.
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The Lira is sinking, group yourselves into crypto!
If only they had access to assets like gold and USD. Oh wait.
tldr; Turkey has legalized cryptocurrencies, classifying them as “intangible fixed assets” and requiring crypto organizations to obtain permission from the Capital Markets Board (SPK). The new law aims to increase market security, transparency, and investor confidence by introducing strict regulatory oversight and severe penalties for unauthorized activities. This significant shift in regulation seeks to integrate cryptocurrencies into Turkey's financial ecosystem more securely and reliably, with measures including meticulous record-keeping and written listing procedures for cryptocurrency trading platforms.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Need permission... so basically as of now it's illegal for these organisations to operate in Turkey unless approved... which could be like the SEC does: keep on dragging their feet, sueing companies and the companies needing to sue the regulatory body to get clarity?
Fake news lol
Is it really?
Finally I can spend my BTC to graft my hair!