Turkey includes crypto firms to money laundering, terror financing rules
Cryptocurrency trading platforms have been added to the list of firms covered by anti-money laundering and terrorism financing regulation in a presidential decree published early on Saturday by Turkey.
The latest expansion of rules governing cryptocurrency transactions in that country would take immediate effect and cover “crypto asset service providers”, which would be liable to the existing regulations, according to the official gazzete.
Turkey’s apex bank had last month banned the use of crypto assets for payments on the basis that such transactions were risky.
Two Turkey-based cryptocurrency trading platforms were halted under separate investigations, few days after the ban.
The probe into one of them, Thodex, led to the jailing on Thursday of six suspects including the siblings of its chief executive, Faruk Fatih Ozer, who Turkish authorities are seeking after he travelled to Albania.