Post
Topic
Board Legal
Re: Turkey Prepares New Crypto Law to Align With International Standards
by
SFR10
on 19/05/2024, 13:28:33 UTC
This initiative, strongly endorsed by Treasury and Finance Minister Mehmet Şimşek, seeks to remove Turkey from a financial crime watchdog’s “gray list” and enhance its standing under the Financial Action Task Force’s standards."
I'm quite surprised it took them this long to act for something that happened roughly two and a half years ago... Regardless of that, following the FATF's guidelines [e.g. travel rule] equates to automatically pushing out a lot of their users into decentralized platforms and that'd normally lead to more problems for their government [e.g. endless game of cat and mouse].