TRNC government working on virtual bet and cryptocurrency law

TRNC, Prime Minister, Faiz Sucuoğlu has said that after the government's vote of confidence, virtual bets will be legalized, the crypto money law will be worked on, and the Forex law will be prepared.

Prime Minister Sucuoğlu said that after the government's vote of confidence, virtual bets will be legalized, the crypto money law is being worked on, and the Forex law will be prepared, and also pointed to the necessary regulations in the title deed fees.

Stating that there is a copper mine, Sucuoğlu stated that there is a volume of 1 billion 550 million dollars and that they will work on exporting it.

“These are the things we will do in the first place. If it continues as we expect, 250 million TL will contribute to the country in the next 8-10 months,” Sucuoğlu said, adding that the pandemic made a great contribution to the recognition of the TRNC and those who want to invest in the country are waiting in line.

“Customs will be inspected in an incredible way”

Stating that the investors will be gathered under one roof quickly without scaring them, Sucuoğlu emphasized that the e-Customs system will be fully used within 6 months and that informality will decrease as soon as they switch to the e-Government system.

Saying, “Customs will be inspected in an incredible way,” Sucuoğlu noted that the art bet law is ready, the crypto money law is in the process of being finished, and that they have received opinions.

“Three companies are planning to establish an airline company”

Noting that three companies are considering establishing an airline company in the TRNC, Sucuoğlu said that charter flights will start from Russia, first between Turkey and Cyprus. Sucuoğlu said, "Two of them are tourism companies and one is an airline company."