COURSE INTRODUCTION AND APPLICATION INFORMATION


Course Name
Legal Aspects of FinTech, Digital Assets & Metaverse
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
LAW 323
Fall/Spring
3
0432423
3
6
Prerequisites
None
Course Language
English
Course Type
Service Course
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Discussion
Case Study
Q&A
Lecture / Presentation
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives The purposes of this course are to provide an understanding of the concept of Financial Technologies,examine current application examples and the main and secondary legal issues concerning FinTech. Study the legal resources related to this sector andategorize digital assets. The course also aims to study the legal sources related to the sector and to categorize digital assets.
Learning Outcomes The students who succeeded in this course;
  • Define traditional finance, capital market, administrative law, data management law.
  • Explain new regulations, decisions, exceptions and interpretations that can be applied to disruptive technologies
  • Analyze blockchain projects.
  • Discuss the advantages and power of disruptive technologies but conflicting with the current legislation (responsibility law, GDPR, KVKK, competition, etc.).
  • Evaluate Fintech, Metaverse and Digital Assets in a holistic perspectivewith both English and Turkish sources
Course Description The content of this course is Fintech; Legislation, jurisprudence, regulatory agency decisions, doctrine and literature on Turkey, USA, EU, UK and Japan, especially on metaverse and digital assets.The course also covers the advantages of disruptive technologies and topics related to Blockchain projects.

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Financial Services, Financial Institutions And Regulation Rüya Eser, “Finansal Piyasalarda Düzenleme Ve Sermaye Piyasasında Düzenleyici Kurumlar” https://www.spk.gov.tr/SiteApps/Yayin/YayinGoster/949
2 Financial Technologies, Application Examples And Related Legislation Burçak Ünsal, “Finans Teknolojileri Ve Covid – 19 Pandemisi, Covid-19 Pandemisinde Dijital Dönüşüm ve Hukuk, https://www.istanbulbarosu.org.tr/files/docs/Covid-19Pandemisinde_Dijital_DonusumveHukuk_OzelRaporu.pdf, s.79-108. Burçak Ünsal, “Finans Teknolojileri Hukuku Alanında Avukatlık”, https://www.youtube.com/watch?v=5k35HxRreWQ
3 Electronic Money, Electronic Money Issuance Legislation, The Role Of Regulatory Institutions Abdüssamed Kahraman, Türk ve Avrupa Birliği Düzenlemeleri Işığında Elektronik Para, (Ankara: Adalet Yayınevi, 2020), Chp. 2, p.35-67; Ödeme ve Menkul Kıymet Mutabakat Sistemleri, Ödeme Hizmetleri ve Elektronik Para Kuruluşları Hakkında Kanuna İlişkin Düzenlemeler, https://www.bddk.org.tr/Mevzuat/Liste/53
4 Mobile Payment Systems, Relevant Legislation And Role Of Regulatory Institutions Enver Sedat Gültekin, Birer Fintech Oluşumu Olarak Türkiye'de Ödeme Sistemleri ile Ödeme ve Elektronik Para Kuruluşları ve Bir Denetim Modeli Önerisi, (Ankara: Yetkin Yayınları, 2021), Chp. 2, p.86-106; Ödeme ve Menkul Kıymet Mutabakat Sistemleri, Ödeme Hizmetleri ve Elektronik Para Kuruluşları Hakkında Kanuna İlişkin Düzenlemeler, https://www.bddk.org.tr/Mevzuat/Liste/53
5 Banks, Bank Service Providers 6493 Sayılı Ödeme ve Menkul Kıymet Mutabakat Sistemleri, Ödeme Hizmetleri ve Elektronik Para Kuruluşları Hakkında Kanun /https://masak.hmb.gov.tr/odeme-ve-elektronik-para-kuruluslari-3/
6 Digital Assets Mete Tevetoğlu, Hukuki Yönleriyle Kripto Varlıklar ve Kripto Varlıkların İlk Arzı, (Ankara: Aristo Yayınevi, 2021); Chp 1 p. 100-153; Burçak Ünsal, “Libra Nedir? Nasıl Kullanılır?” https://www.dunya.com/kose-yazisi/libra-nedir-nasil-kullanilir-guvenilir-mi/449164; Burçak Ünsal, “Düzenlemeler ve Mahkeme Kararları Işığında Dijital Kıymetlerin Analizi”, https://www.youtube.com/watch?v=XP2Ev45o9lY
7 Ico, Sto, Uto And Regulation Burçak Ünsal,“ICO, STO, UTO Nedir? Düzenlemeler, Dijital Kıymetler Kategosizasyonu ve Lisanslanması”, https://www.youtube.com/watch?v=2ETuBeVWRLo&t=33s; Burçak Ünsal, “Kriptolarda Vergilendirme, MASAK Kripto Rehberi”, https://www.youtube.com/watch?v=V1-YHXlRi64
8 Midterm
9 Nft And Legal Issues? Fatih Bilgili/Fatih Cengil, Blockchain ve Kripto Para Hukuku, Bursa: Dora Yayıncılık, 2022, Chp. 14., p. 350-403; Burçak Ünsal,: “NFT Nedir? Hukuki Sorulara Yalın Yanıtlar”, https://unsallaw.com/tr/nft-nedir-hukuki-sorulara-yalin-yanitlar/
10 Legal Issues Of Decentralization Finance? Burçak Ünsal/Mert Yaşar, “DeFi’ın (Merkeziyetsiz Finans) riskleri, fırsatları ve SEC düzenlemesinden beklentiler”, https://digitalage.com.tr/defiin-merkeziyetsiz-finans-riskleri-firsatlari-ve-sec-duzenlemesinden-beklentiler/
11 Blockchain Technology Burçak Ünsal, “Blockchain Teknolojisinin GDPR Çerçevesinde Değerlendirilmesi” Güncel Gelişmeler Işığında Kişisel Verilerin Korunması Hukuku, Marmara Hukuk Bilimsel Toplantılar Serisi-I (19 Nisan 2019- Haydarpaşa), Leyla Keser Berber/Ali Cem Bilgili (Der.), (İstanbul: On İki Levha, 2020), p. 75-83.
12 Legal Issues Of Blockchain, And Data Management? Burçak Ünsal, “Blockchain Teknolojisinin GDPR Çerçevesinde Değerlendirilmesi” Güncel Gelişmeler Işığında Kişisel Verilerin Korunması Hukuku, Marmara Hukuk Bilimsel Toplantılar Serisi-I (19 Nisan 2019- Haydarpaşa), Leyla Keser Berber/Ali Cem Bilgili (Der.), (İstanbul: On İki Levha, 2020), p. 75-83.
13 Metaverse Technology The metaverse: three legal issues we need to address https://theconversation.com/the-metaverse-three-legal-issues-we-need-to-address-175891
14 Legal Issues Of Metaverse The metaverse: three legal issues we need to address https://theconversation.com/the-metaverse-three-legal-issues-we-need-to-address-175891
15 Semester Review
16 Final Exam
Course Notes/Textbooks

Enver Sedat Gültekin, Birer Fintech Oluşumu Olarak Türkiye'de Ödeme Sistemleri ile Ödeme ve Elektronik Para Kuruluşları ve Bir Denetim Modeli Önerisi, Ankara: Yetkin Yayınları, 2021, ISBN: 9786050510331; Abdüssamed Kahraman, Türk ve Avrupa Birliği Düzenlemeleri Işığında  Elektronik Para, Ankara: Adalet Yayınevi, 2020, ISBN: 9786257088695; Fatih Bilgili/Fatih Cengil, Blockchain ve Kripto Para Hukuku, Bursa: Dora Yayıncılık, 2022, ISBN: 9786052473597; Mete Tevetoğlu, Hukuki Yönleriyle Kripto Varlıklar ve Kripto Varlıkların İlk Arzı, Ankara: Aristo Yayınevi, 2021, ISBN: 9786257619004; Leyla Keser Berber/Ali Cem Bilgili (Ed.), Güncel Gelişmeler Işığında Kişisel Verilerin Korunması Hukuku, İstanbul: On İki Levha Yayınları, 2020, ISBN:  9789752449831.

 

Suggested Readings/Materials

Burçak Ünsal, https://www.mondaq.com/turkey/technology/1028446/virtual-currencies-comparative-guide; Rüya Eser, “Finansal Piyasalarda Düzenleme Ve Sermaye Piyasasında Düzenleyici Kurumlar”, https://www.spk.gov.tr/SiteApps/Yayin/YayinGoster/949; Yapay Zekâ Çalışma Grubu, COVID-19 PANDEMİSİNDE DİJİTAL DÖNÜŞÜM ve HUKUK, Özel Rapor, Mart 2021, https://www.istanbulbarosu.org.tr/files/docs/Covid-19Pandemisinde_Dijital_DonusumveHukuk_OzelRaporu.pdf

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
1
40
Final Exam
1
60
Total

Weighting of Semester Activities on the Final Grade
1
40
Weighting of End-of-Semester Activities on the Final Grade
1
60
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
14
3
42
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
45
Final Exams
1
45
    Total
180

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to possess the knowledge in legal terminology, concepts and principles.

2

To be able to solve the legal problems with an analytic and integral point of view.

3

To be able to evaluate the legal knowledge and abilities obtained with a critical approach.

4

To be able to evaluate the developments in legal theory and practice by monitoring local, international and interdisciplinary dimensions.

5

To be able to have awareness of social, professional and scientific principles of ethic behaviour.

6

To be able to take responsibility in solving problems by creative and innovative thinking.

7

To be able to interpret the legal norms with a sense of justice respectful to human rights and in the light of principles of democratic, secular and social state of law.

8

Working efficiently and effectively, learning how to be a team member, taking responsibilities, being open minded, constructive, open to criticism and having self confidence

9

To be able to use the daily scientific sources and court judgments in the framework of life time learning approach.

10

To be able to inform the related persons and institutions about legal matters both verbally and in written.

11

To be able to monitor the daily legal information/court decisions and interacts with the colleagues in a foreign language (“European Language Portfolio Global Scale” Level B1) .

12

To be able to use the information and communication technology together with the computer programs in a level required by the area of law (“European Computer Driving Licence, Advanced Level”).

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest