Turkey: New E-Money Legislation Up and Running

Computer Law Review International, CRi6/2014, 188-189

2 Pages Posted: 10 Dec 2018

See all articles by Gonenc Gurkaynak

Gonenc Gurkaynak

ELIG Gürkaynak Attorneys-at-Law

İlay Yılmaz

ELIG, Attorneys-at-Law

Date Written: December 15, 2014

Abstract

On 27 and 28 June 2014, almost exactly one year after having enacted a brand new regime governing electronic money, the Turkish legislator has issued the secondary legislation completing this new legal regime and published it in the Official Gazette. The secondary legislation mainly includes the Regulation on Payment Services Issuance of Electronic Money and Payment Institutions and Electronic Money Institutions, the Communiqué on Payment Institutions and Governance and Supervision of Information Systems of Electronic Money Institutions, the Regulation on Activities of Payment and Security Settlement Systems, and Regulation on Supervision of Payment and Security Settlement Systems.

This article delves into the background of the new legislation and provides an overview of the key issues surrounding the e-money legislation.

Keywords: E-money, Turkey, Payment Services, Blockchain

JEL Classification: K24

Suggested Citation

Gurkaynak, Gonenc and Yılmaz, İlay, Turkey: New E-Money Legislation Up and Running (December 15, 2014). Computer Law Review International, CRi6/2014, 188-189, Available at SSRN: https://ssrn.com/abstract=3285786

Gonenc Gurkaynak (Contact Author)

ELIG Gürkaynak Attorneys-at-Law ( email )

Çitlenbik Sokak No:12
Yıldız Mahallesi
Istanbul, Beşiktaş 34349
Turkey

İlay Yılmaz

ELIG, Attorneys-at-Law ( email )

Çitlenbik Sokak No:12
Yıldız Mahallesi
Istanbul, Beşiktaş 34349
Turkey

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