Turkish government will create a central custodian for cryptocurrency transactions
The Turkish government plans to establish a central depository bank to eliminate counterparty risk in transactions with cryptoassets, as well as introduce capital requirements for cryptocurrency exchanges. According to Bloomberg, citing a senior official familiar with the plans of the Turkish government, lawmakers plan to introduce new rules for participants in the cryptocurrency industry. The source announced the government’s plans to create a central custodian bank to eliminate counterparty risk following the collapse of two…
