CMB President Gönül's new statement on cryptocurrencies: He gave time

Capital Markets Board (CMB) President İbrahim Ömer Gönül also touched on cryptocurrency regulations in an interview. Gönül recently pointed to January for secondary regulations, which he said were "coming soon."

Capital Markets Board (CMB) President İbrahim Ömer Gönül made important statements to Bloomberg. Gönül touched on many topics, from public offerings on the stock exchange to cryptocurrencies and bot transactions.

"The goal is to keep investors safe..."

Speaking about secondary regulations on cryptocurrencies, which he said were "coming soon," in a panel he attended recently, the CMB president made the following statements:

"We are getting the secondary regulations ready by January, God willing. What will we bring? How will these platforms and their establishments be made and how will crypto investors be kept safe... When we say keeping safe, we are working to ensure that the system is secure by determining the procedures and principles for working with custodians and platforms within its natural habitat. We determine the conditions for the establishment of the company and the terms of the transaction. We also work with TÜBİTAK and MASAK on all the issues of how the security systems will be”

“Investors should be selected and purchased…”

Speaking about the public offerings that have attracted great interest especially in Turkey, Gönül stated that investors should be careful and choose stocks:

“All of these are part of the market. If you come from this perspective: if you have a perspective that all public offering shares will go up 5-6 times after the public offering, if you do not choose a company, then it is not possible to say anything about what happens to you”