As is known, the “Law on Amendments to the Capital Markets Law” numbered 518, known as the “cryptocurrency law” in Turkey, entered into force upon publication in the Official Gazette on 02.07.2024.

In this context, the CMB first published a provisional list of the organizations that declared that they would liquidate their activities and the institutions that declared that they would continue their activities on August 5.

While more exchanges have recently been added to the list of those that will continue their activities, the Republican People’s Party has taken the regulation regarding cryptocurrencies to the Constitutional Court.

CHP Group Deputy Chairman Gökhan Günaydın announced in a post on his X account that they applied to the Constitutional Court to request the suspension and annulment of the provisions of the regulation on crypto assets that are contrary to the public interest.

CHP member Gökhan Günaydın said in a statement, “We filed an annulment lawsuit with the Constitutional Court regarding the Law on Amendments to the Capital Markets Law No. 7518 dated 26 June 2024, published in the Official Gazette No. 32590 dated 2 July 2024.”

CHP Group Deputy Chairman Gökhan Günaydın also listed our requests for cancellation and stay of execution and their reasons in his post.

CHP Grubu olarak; kripto varlıklarla ilgili düzenlemenin kamu yararına aykırı hükümlerinin yürürlüklerinin durdurulması ve iptali amacıyla Anayasa Mahkemesi’ne başvuruda bulunduk.
Açıklama metnimiz aşağıdadır pic.twitter.com/1XSAFIF7iA

— Gökhan Günaydın (@gunaydingokhan) August 20, 2024

*This is not investment advice.