(MENAFN) from Türkiye Bitcoin regulations have brought a sense of optimism to investors, with the cryptocurrency ecosystem becoming increasingly reliable thanks to changes implemented this year. THE crypto The market, especially Bitcoin, had a big year, hitting a record high by surpassing the $100,000 mark. Last year, Turkey laid the groundwork for its first legal framework for the cryptocurrency sector, leading to growing interest in digital currencies.

Salim Karaman, CEO of Turkish cryptocurrency exchange BtcTurk, told Anadolu that the approval of Bitcoin spot exchange-traded funds (ETFs) in the United States was a milestone for the industry. The move encouraged many investors who were previously hesitant to enter the market. However, Karaman noted that Turkish crypto regulation is still in its early stages and secondary regulations are still being developed. Despite this, the approach taken by Turkish lawmakers has attracted the attention of investors.

Karaman also highlighted that the spread of tokenization projects across various sectors has accelerated the digitalization of the cryptocurrency industry. He expressed hope that as regulation continues to strengthen, user confidence will increase, leading to a healthier and more competitive environment for digital currencies.

Kutluhan Akcin, country manager of cryptocurrency exchange Bybit in Turkey, said Bitcoin’s record performance and growing interest from Turkish investors have kept the local crypto market vibrant this year. As uncertainties surrounding the legal framework begin to dissipate, Turkey is creating a safer environment for individual and institutional investors in the cryptocurrency market.