What would blockchain be without crypto? Turkish law expert elcin_karatay claims that without cryptocurrency, it would be a glorified database.
, Turkey’s efforts on establishing a regulatory framework while the population flocks to cryptocurrencies as a way to hedge against double-digit inflation can help to understand how to manage crypto regulation in unstable economies., the Turkish parliament hosted a delegation of local crypto experts in a bid to better understand the expectations of the ecosystem. Cointelegraph reached out to Karatay, who was among the group, to get a lawyer’s perspective on the meeting held in Ankara.
“All the opportunities created by this industry, just like all the risks, manifest themselves in the fields where crypto and blockchain go hand in hand.” “If you only focus on eliminating risks associated with a specific industry in regulatory efforts, you would also eliminate any potential benefits and opportunities that would otherwise be offered by the same industry.”
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