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Thurs. PM Seeds of Wisdom Crypto Update(s) 9-19-24

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Seeds of Wisdom Turkey Sets New Standards to Safeguard Cryptocurrency Transactions Turkey’s new rules aim to increase security in cryptocurrency trading. SPK outlines strict regulations for exchanges to protect customers. All exchanges must comply with these newly established standards. This year, Turkey has enacted legislation establishing specific standards for cryptocurrency exchanges, prompting institutions to take action. The Capital Markets Board (SPK) has outlined comprehensive rules and prohibitions within its jurisdiction concerning cryptocurrency exchanges. Following these new regulations, exchanges servicing Turkish citizens must comply with these rules. SPK’s Cryptocurrency Rules The Capital Markets Board (SPK) is the equivalent of the SEC…

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