Crypto Regulation Draft Takes Center Stage in Turkish Economic Coordination Council Meeting

The Economic Coordination Council (EKK), led by Vice President Cevdet Yılmaz, convened to discuss several key agenda items, including a draft regulation on cryptocurrencies. Other major topics under review were the KIT Reform, Presidential Decree No. 102, and the current state of government aid.

The cryptocurrency regulation draft emerged as a significant focus of the meeting. It was considered alongside other agenda items such as the KIT reform and the implications of Presidential Decree No. 102, as well as the status of state financial assistance.

The meeting was attended by notable figures including Treasury and Finance Minister Mehmet Şimşek and Central Bank Governor Hafize Gaye Erkan, who joined the assembly despite being in the U.S. for an investor meeting for about a month.

Other participants included ministers from various departments and party officials, indicating the high-level importance of the discussions. The presence of these key officials underscored the critical nature of the regulatory topics, especially concerning digital currencies.

A written statement is expected to be released following the meeting, with significant anticipation around whether it will provide details on the cryptocurrency regulation draft, which is a subject of great interest.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.