According to NTV news, The bill on the definition of cryptocurrencies will be presented to the Turkish Grand National Assembly today.
In the news A.K Party Group Chairman Abdullah GülerIt was stated that he will announce the details regarding the “Proposal Law on Amendments to the Capital Markets Law” at a press conference to be held in the Turkish Grand National Assembly at 15.30 today.
The news also stated that the proposal will define crypto assets for the first time and transactions will be legally regulated.
Minister of Treasury and Finance Mehmet Şimşek In his previous statements, he said that in the proposed law, cryptocurrency assets will be legally defined for the first time.
The enactment of this proposal is of particular importance for Turkey to be removed from the FATF gray list.
Determining the compliance of world economies with the fight against financial crimes FATF Turkey was included in the so-called gray list in 2021 because it fell behind in the fight against money laundering and the financing of terrorism. Türkiye While it is compatible with 39 of 40 standards, it aims to eliminate the last deficiency in this field with crypto regulation.
Minister Şimşek in a statement “Fighting against financial crimes is among our main priorities. According to the report shared by FATF, our country is compatible with 39 of 40 FATF standards. Within the scope of technical compliance, the only issue that is still under preparation is the work on cryptocurrencies. Our necessary work on this issue has reached the final stage. In this state, Türkiye has become one of the most successful countries in technical harmonization. We are determined to continue and increase our work in this context. “We are making efforts to remove our country from the gray list with the effectiveness we will provide in practice.” said.
*This is not investment advice.
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