Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges – Regulation Bitcoin News

in hive-116221 •  4 years ago 

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Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations.

  • The Official Gazette states that the country's latest expansion of rules covering cryptocurrency transactions would take immediate effect. Crypto service providers must now comply with existing regulations.
  • The government previously said that it plans to establish a central custodian bank to eliminate counterparty risk among other provisions.


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