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Turkey to complete its crypto regulation framework
2 months ago 2 mins read

Turkey to complete its crypto regulation framework

According to Finance Minister Mehmet Simsek, Turkey is taking a significant step toward solidifying its stance on crypto regulations. According to Simsek, the country’s crypto regulations are in the “final stages,” indicating an important step toward creating a regulated environment for crypto asset trading platforms in Turkey. The primary goal of these upcoming regulations is to reduce the risks associated with trading in crypto assets and, more importantly, to facilitate Turkey’s removal from the Financial Action Task Force’s (FATF) “grey list.” This list identifies countries with insufficient anti-money laundering and terrorist financing measures. In his statement, Simsek emphasized the country’s