Turkey’s crypto regulation is at the final stage: report
Turkey’s crypto regulation seeks to align the country’s anti-money laundering laws with the scope of the Financial Action Task Force (FATF) as it looks to get off the “grey list”. Minister of Treasury and Finance Mehmet Simsek says the crypto asset regulation framework has reached the technical stage. Turkey has advanced the legal framework for crypto regulation to the final stage, Mehmet Simsek, the country’s Minister of Treasury and Finance, said on Wednesday. A report by local media outlet Anadolu Agency states that once final ised, the legislation will see Turkish authorities and regulators apply the clarity the law gives to promote blockchain development and to protect crypto users. Crypto legislation to align with international practices According to Simsek, interest in crypto assets has grown significantly across the Turkish population, particularly with regard to buying and selling of crypto assets on crypto currency...