Wu said that he learned that a new legislative proposal in Turkey aimed at regulating and enhancing the security of crypto asset transactions has been submitted to the Turkish Parliament. The new proposal requires cryptocurrency service providers to obtain a license and supervision from the Capital Markets Board (SPK), strengthen SPK supervision to protect consumer assets and ensure effective dispute resolution, SPK and TÜBİTAK (Scientific and Technological Research Council of Turkey) will impose certain fees on crypto service providers, and prohibit foreign cryptocurrency brokers from operating in the country. The new legislative proposal aims to bring Turkey's cryptocurrency market into line with international standards and address the Financial Action Task Force (FATF)'s concerns about the security and reliability of the cryptocurrency market. According to the meeting agenda, the discussion is scheduled for May 30.