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Breaking News: The Capital Markets Board Officially Announced Its Decision for Cryptocurrency Exchanges! - Coin Bulletin
According to the information sent to the crypto exchanges, crypto asset platforms will pay a share of the Board equivalent to one percent of their revenues for the year 2024, and these revenues will be transferred to the TÜBİTAK budget.
The Capital Markets Board has announced new regulations regarding the share of the Board to be collected from the revenues of crypto asset platforms for the year 2024 in accordance with the Capital Markets Law numbered 6362.
According to the statement made, crypto asset service providers will pay a certain percentage to the Authority solely based on platform revenues. This percentage has been set at one percent of platform revenues. Additionally, it is planned to transfer these revenues to the TÜBİTAK budget for the purpose of blockchain and information technology development.
The accruals and payments based on the revenues of the year 2024 will be made in 2025. This regulation will be effective with the decision of the Capital Markets Board dated March 27, 2025.
This step stands out as an important development in terms of regulating the crypto asset sector in Turkey. The fact that crypto asset platforms will transfer a certain percentage to TÜBİTAK aims to contribute to new developments in technology and information fields.
(# What does the new regulation bring?
In the statement made, it is expressed that a share of one percent of the revenues of crypto asset platforms will be paid to the relevant boards and this revenue will be used for technology development. This practice will reflect on the 2024 revenues and will be announced to businesses by 2025.