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Turkey bolsters crypto regulations for investor safety

Turkey tightens crypto regulations: Turkey is strengthening its crypto regulations to protect investors. New rules mandate exchanges to separate customer assets from their reserves, ensuring safety and trust. These measures are crucial given the HIGH trading volumes in local exchanges, which sometimes exceed 50 billion TL.

SPK leads regulatory efforts: SPK Chairman İbrahim Ömer Gönül announced these regulations, emphasizing compliance and market integrity. Restrictions will prevent exchanges from taking positions against customers. With the SPK set to start on-site inspections, Turkey is making structured progress in its cryptocurrency trading efforts.

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