Bitcoin Under Turkish Law

Today's world, where technology and the globalization are developing at a great pace, brings many new developments. Some of the biggest developments are cryptocurrencies, which may be defined as "international currencies." These cryptocurrencies raise the concern of many investors, while also drawing attention to many of them for reasons that they are not subject to inspection by any institutions, their inventors are anonymous, and they only exist in the digital world. There is no doubt that we will be often hearing of cryptocurrencies in the upcoming years, especially Bitcoin, which is one of the most popular examples, and the fact that these cryptocurrencies already expand the scope of existing definitions under current legislations. This newsletter article examines cryptocurrencies under Turkish law, including Bitcoin, their legal natures and recent developments in foreign jurisdictions.