Community objections blocked a top-down bill to regulate cryptocurrencies in Turkey, showing how crypto users can organize to protect their rights, burak_tamac and Erkan Öz write. Opinion.
The Turkish government's ambitious plan to restrict the use of cryptocurrencies to protect the local currency, the Turkish lira, faced a strong challenge from the crypto communities in the country. It’s a rare example of grassroots action effectively pressuring the government, and may provide a valuable lesson for lawmakers and organizers in other countries.
The outrage on social media forced government actors to engage with various Turkish crypto communities to assuage their concerns about restrictions. Measures such as licensing, technological compliancy and capital-backing requirements should be introduced to protect retail investors. The ruling party’s officials and bureaucrats attending the meeting did not express their views on either the draft legislation or the proposals expressed by the crypto communities at that time. However, the government postponed the bill for apparently political reasons.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Legendary Investor Jim Rogers on Crypto: 'It's Going to Be Government Money'In his interview with crypto legendary fund manager, Jim Rogers says that with further adoption, government will most likely get to people's digital funds at some point
Leer más »
Ripple's General Counsel Reacts to SEC's 'Very Dangerous' Legal Theory.s_alderoty has compared cryptocurrencies to gold in an attempt to disprove SECGov’s argument
Leer más »
Dogecoin and Polkadot Now Supported by Japan’s BitbankICYMI: $DOGE and $DOT have been listed by Japanese crypto exchange Bitbank Dogecoin DOGE DOGEArmy Polkadot DOT
Leer más »
Trust Wallet vs. MetaMaskTrust Wallet and MetaMask are both very popular crypto wallets that are good for beginners. Which one is right for you depends on what you want to do with it and how. AntolinWriter breaks down the pros and cons of each:
Leer más »
Euro-Denominated Bitcoin and Ethereum Futures to Be Launched by CMECME Group is set to launch new cryptocurrency-linked products amid growing demand
Leer más »
XRP Is on the Cusp of Potential Breakout, Says Top TraderXRP remains the seventh biggest cryptocurrency by market capitalization
Leer más »