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BTCC / BTCC Square / Global Cryptocurrency /
Turkey’s Draft Law Targets Cryptocurrencies in Debt Collection

Turkey’s Draft Law Targets Cryptocurrencies in Debt Collection

Author:
Global Cryptocurrency
Published:
2025-09-08 08:17:02
28
2
BTCCSquare news:

Turkey's Ministry of Justice has proposed a draft law to regulate the seizure of cryptocurrencies in debt collection cases. The legislation aims to prevent debtors from shielding assets by converting them into digital currencies. Enforcement offices will now require debtors to disclose their crypto holdings, with confiscation executed through exchanges and service providers.

The framework establishes a legal basis for liquidating seized cryptocurrencies, pending further regulatory details on storage and valuation. Expert reports will determine appraisal methods, closing a longstanding loophole in enforcement proceedings.

|Square

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