The bill is set to include measures for businesses providing cryptocurrency businesses to the public, such as exchanges.

“Among the proposals is a requirement that companies have a minimum of 100 million liras ($6 million) in capital, they said, speaking on condition of anonymity to discuss plans that aren’t public,” Bloomberg reported. “Another rule would mandate global cryptocurrency platforms to open branch offices that can be taxed in Turkey, according to the officials.”

Currently, Turkey is victim of harsh inflationary pressures as President Erdogan refuses to raise interest rates. The country’s population experienced annual increases of 35% in healthcare, 27% in education, 26% in clothing and footwear and 18.71% in communication, according to latest data.