Cryptocurrencies granted legal status in Turkey under new crypto law

Turkey legalizes cryptocurrencies, defining them as “intangible fixed assets.” SPK permission required for crypto organizations, with strict regulatory oversight. Severe penalties for unauthorized activities, enhancing market security and compliance. In a landmark move, Turkey has granted legal status to cryptocurrencies, redefining them as “intangible fixed assets” through a new regulation.... source: https://coinjournal.net/news/cryptocurrencies-granted-legal-status-in-turkey-under-new-crypto-law/