Obligation to Report Cryptocurrencies to Officials! What’s the Situation in Turkey?

Bitcoin (BTC) And cryptocurrencies With its popularity and use increasing, countries continue to make moves regarding crypto regulations.

Having made some decisions about cryptocurrencies before, Taiwanhas also included crypto exchanges in its anti-money laundering scope.

Chinese crypto journalist Wu BlockchainTaiwan’s Ministry of Justice has included cryptocurrency exchanges and businesses in its anti-money laundering scope.

Taiwan Ministry of Justice and Independent Anti-Corruption Commission (ICAC) It is also among the assets that must be declared by civil servants in the country. cryptocurrency is preparing to include its units.

Taiwan’s Ministry of Justice stated that it has included crypto trading platforms and businesses in the scope of money laundering prevention, and is actively preparing to include cryptocurrencies as assets that civil servants need to declare. https://t.co/Iyn5y4j39g

— Wu Blockchain (@WuBlockchain) February 16, 2023

Stating that virtual currencies are not popular enough to be used for payment or accepted by financial institutions in Taiwan, ICAC said, cryptocurrencies He said they call it virtual currency.

“Considering the risk of money laundering, the Taiwanese government has included virtual currency platforms and trading businesses in its anti-money laundering scope in recent years.

Also, because they are unpopular but have significant value, the Justice Department plans to include virtual currencies among the assets that must be declared in the Public Servant Property Declaration Act.”

Since cryptocurrencies are not yet fully recognized within the framework of current legal regulations in Turkey, civil servants do not have such an obligation for now. However, it is considered that a similar obligation will be imposed on civil servants after the introduction of cryptocurrencies in our country.