Turkey Enacts New Law to Regulate Crypto Seizures

Turkey has taken a significant step towards regulating cryptocurrencies by implementing a new law that mandates their inclusion in debt collection processes. The Ministry of Justice’s Draft Law on Compulsory Enforcement seeks to tackle loopholes allowing debtors to evade confiscation by converting assets into cryptocurrency. This regulation, as reported by Milliyet and Mithat Yurdakul, strengthens legal frameworks for crypto asset seizure, requiring individuals to disclose their holdings to enforcement offices before seizing them through intermediaries like exchanges.