Ministry of Justice The draft of the algebraic enforcement law, which is prepared, contains regulations that will end the debate on the foreclosure of crypto currencies. From Milliyet Mithat Yurdakul’s newsAccording to the debts’ assets crypto currencyEither it will be prevented from escaping from foreclosure by turning and these assets will be included in the scope of the enforcement processes.
Crypto currencies are included in the foreclosure process
Established within the Ministry of Justice Execution and Bankruptcy Law Science Commission In the draft prepared by the Crypto money foreclosure, which is controversial in the current application, becomes clear. According to the regulation, the borrowers will be obliged to inform the enforcement office of their crypto currencies.
Crypto currencies will be made through crypto currency service providers such as foreclosures. Attachment Their demands will be fulfilled through these institutions. How to store the foreclosure crypto currencies and will be translated into cash will be determined by the regulation. Valuation transactions will be carried out in line with the expert reports.
In this context, your crypto currencies the collection of debtsA open legal basis will be created in order to be used. Thus, it will be clear how to handle crypto currencies in the enforcement processes.
New regulations in capital market vehicles are on the road
On the other hand, in addition to draft crypto currencies Capital Market ToolsIt also includes. Stocks and similar assets traded on Borsa Istanbul will be sold on the stock exchange upon the demand for foreclosure. The income will be transferred to the account of the Execution and Bankruptcy Department.
In the law, the execution of the enforcement law courts will be taken for the rights of the sale of goods and use. Commercial integrity businesses will be sold as a whole with their goods. In these sales, the continuity of the activities of the enterprise and the contribution of the economy will also be taken into consideration.
In the regulations regarding the payment of the debts in installments, the requirement of “the foreclosure of enough goods in the debt” will be brought. While the maximum number of installments is increased to six, the debtor’s spouse, children and relatives under guardianship will be allowed to participate in the foreclosure directly.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
