Turkey’s forthcoming regulations in the crypto sector prioritize safeguarding consumers while fostering innovation, Ömer İleri, deputy chairman of the ruling AK Party, emphasized in an interview with CoinDesk Turkey.
İleri, responsible for Information and Communication Technologies within the AK Party, engaged with crypto industry stakeholders, including legal experts and media representatives, to discuss the proposed legislative framework.
“Our aim is to ensure the safety of citizens, protect investors, regulate platforms, and simultaneously introduce a draft law that encourages innovators and innovation,” İleri explained.
According to İleri, Turkey has ambitious plans for various technology sectors, including blockchain and artificial intelligence. He highlighted government initiatives like Blockchain Istanbul and Forum Metaverse as indicators of Turkey’s keen interest in the blockchain space.
In January, Finance Minister Mehmet Şimşek announced that the government was in the final stages of technical studies for a crypto regulatory package. İleri emphasized the importance of conducting a comprehensive legal review of crypto assets to ensure consumer protection and promote innovation.
“Today’s meeting was highly productive in this regard. Industry representatives shared their insights and suggestions for the draft legislation. It’s evident that we share similar perspectives on this journey,” İleri noted.