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