Turkey may establish central depository bank following suspected fraud in two major stock exchanges
Following the arrest of several employees at Turkey-based crypto exchanges Thodex and Vebitcoin last week, government officials are reportedly planning to create a central bank authority that could keep digital assets.
According to a Bloomberg report, an anonymous senior Turkish government official mentionned Local authorities can create a central custodian bank aimed at eliminating counterparty risk for cryptocurrency transactions. The same source claimed that the government is also considering instituting a capital threshold for exchanges and requiring executives of crypto companies to have some basic knowledge of digital currencies.
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