Kripto varlıkların Türk sermaye piyasası hukuku açısından değerlendirilmesi
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Dosyalar
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
İstanbul Ticaret Üniversitesi
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Dağıtık defter teknolojisinin özel bir formu olan blokzincir teknolojisi hızla gelişmekte ve geleneksel iş yapış biçimleri üzerinde yıkıcı etkisinden dolayı dikkat çekmektedir. Blokzincir teknolojisinin yaygın kullanım alanı olan token satışları (ICO), kitle fonlamasının ve halk arz finansmanın yeni bir şekli olarak birçok alandaki geleneksel uygulamalara meydan okumakta, özellikle ülkelerin düzenleyici otoritelerini zora sokmaktadır. Mevcut yasal düzenlemelerin bu teknoloji üzerine inşa olan inovatif ürünler dikkate alınmadan yapılmış olması sebebiyle, mevcut düzenlemelerin teknolojiye uyumlaştırılması ihtiyacı ortaya çıkmaktadır. Bununla birlikte, kripto paraların farklı tür ve işlevlerde ihraç edilebiliyor olması, sorunun çözümünü zorlaştırmaktadır. Üstelik, kripto para kavramı üzerinde bile tek ve genel kabul gören bir tanım bulunmamaktadır. Bu sebeple, kripto paraların hukuki niteliği ve mevcut düzenlemelerin bu varlıklara hangi derecede uygulanabileceği belirlenmelidir. Bu çalışmada, kripto paraların ihracı hususu Türk Sermaye Piyasası Mevzuatı kapsamında düzenlenen menkul kıymet, türev araçlar ve yatırım sözleşmeleri açısından incelenmiştir. Anahtar Kelimeler: Kripto Varlık, Token Arzı (ICO), Halka Arz, Sermaye PiyasasıAraçları
Blockchain technology which is a special form of Distributed Ledger Technology is rapidly evolving and drawing attention because of its disruptive effects on traditionalsystems. A blockchain widely known use case called Initial Coin Offerings (ICOs) are novel form of crowdfounding and IPO that represent many challenges for various area, especially for regulatory authorities in many countries. Because current rules were not designed with those innovative products based on the technology in mind, some adaptations to the current rules may be needed. However, adaptation of those innovative products-especially cryptocurrencies to the current regulations is not an easy task because of the multidisciplinary features of the technology. Some of crypto currencies are similar to currencies, others are more like financial instruments and others may have hybrits features. There is no single and universal legal definition of the term cryptocurrency. That is why, legal qualification of those assets (ie crypto-currencies/assets) and applicability of current regulations to the cryptoassets must be determined. In this study, issuance of the cryptocurrencies are analyzed under the Capital Market Laws of Turkey regarding to the capital market instruments such as securities, derivatives and investment contracts. Key Words: Crypto assets, ICO, IPO, Capital Market Instruments.
Blockchain technology which is a special form of Distributed Ledger Technology is rapidly evolving and drawing attention because of its disruptive effects on traditionalsystems. A blockchain widely known use case called Initial Coin Offerings (ICOs) are novel form of crowdfounding and IPO that represent many challenges for various area, especially for regulatory authorities in many countries. Because current rules were not designed with those innovative products based on the technology in mind, some adaptations to the current rules may be needed. However, adaptation of those innovative products-especially cryptocurrencies to the current regulations is not an easy task because of the multidisciplinary features of the technology. Some of crypto currencies are similar to currencies, others are more like financial instruments and others may have hybrits features. There is no single and universal legal definition of the term cryptocurrency. That is why, legal qualification of those assets (ie crypto-currencies/assets) and applicability of current regulations to the cryptoassets must be determined. In this study, issuance of the cryptocurrencies are analyzed under the Capital Market Laws of Turkey regarding to the capital market instruments such as securities, derivatives and investment contracts. Key Words: Crypto assets, ICO, IPO, Capital Market Instruments.
Açıklama
Tez (Yüksek Lisans) -- İstanbul Ticaret Üniversitesi -- Kaynakça var.
KKX 3536.5/D46
KKX 3536.5/D46
Anahtar Kelimeler
Bitcoin, Dijital para birimi_Hukuk ve mevzuat_Türkiye, Para_Hukuk ve mevzuat_Türkiye, Digital currency_Law and legislation_Turkey, Money_Law and legislation_Turkey, Sermaye piyasası_Hukuk ve mevzuat _Türkiye, Capital market_ Law and legislation_Turkey, Hukuk
