Turkiye: Adopted Law on Payment and Security Settlement Systems, Payment Services and Electronic Money Institutions
Description
Adopted Law on Payment and Security Settlement Systems, Payment Services and Electronic Money Institutions
On 27 June 2013, the Law on Payment and Security Settlement Systems, Payment Services and Electronic Money Institutions was published and implemented. The law regulates electronic payments and e-money and introduces a licensing requirement for providers of such services.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament