CHP files application with Constitutional Court against crypto asset regulation

CHP Group Deputy Chairman Gökhan Günaydın announced that they have applied to the Constitutional Court (AYM) for the suspension and annulment of provisions in the regulation on crypto assets that are contrary to the public interest.

CHP Group Deputy Chairman Gökhan Günaydın made a written statement regarding their application to the Constitutional Court. Günaydın stated, "We have filed an annulment lawsuit with a request for a stay of execution before the Constitutional Court regarding the Law on Amendments to the Capital Markets Law, dated June 26, 2024, and numbered 7518, which was published in the Official Gazette dated July 2, 2024, and numbered 32590."

Listing the grounds for their requests for annulment and stay of execution, Günaydın said, "The structure and activities of crypto asset service providers, the transactions regarding the transfer of existing shares in the event that partners of crypto asset service providers lose the qualifications (required to be a partner), the determination of the procedures and principles of the contract to be made between the crypto asset service provider and the customer by the Capital Markets Board without legal criteria and in a way that disrupts the competitive market structure, the ability of the Capital Markets Board to decide on the removal of content and/or blocking of access in a way that restricts freedom of expression, and the fact that the members of the crypto asset service provider, who are burdened with various rights, powers, duties, and responsibilities, are not clearly defined at the level of law."

News Source: 12punto