Recently, a draft proposal sparked concerns among investors, leading to a flurry of questions about the future of global stock exchanges. Ömer İleri, a key figure behind the draft, has stepped forward to clarify the situation, putting to rest fears of a ban on global exchanges.

Contrary to initial worries, the draft does not intend to prohibit global stock exchanges from operating. Instead, it aims to establish a level playing field by imposing similar licensing and regulatory requirements on both local and foreign exchanges. This move seeks to ensure fair competition and protect investors

Ömer İleri, a member of the AKP, emphasized that the draft does not restrict Turkish citizens from engaging in transactions on foreign platforms. Individuals are free to open accounts and trade on international platforms at their discretion. However, foreign exchanges seeking to establish a presence in Turkey, including opening websites or advertising to Turkish residents, will need to obtain the necessary licenses from the SPK (Capital Markets Board of Turkey).

By clarifying the draft's intentions, Ömer İleri has alleviated concerns and provided much-needed transparency. The proposed regulations aim to strike a balance between promoting innovation and safeguarding investor interests. As the financial landscape continues to evolve, such measures will help ensure a stable and secure environment for all market participants.