Turkey aims to shed FATF ‘grey list’ status with new crypto regulations By Cointelegraph
[ad_1]
Turkey is reportedly drafting fresh regulations to govern crypto assets in an effort to convince the Financial Action Task Force (FATF) — an international organization responsible for combating financial crimes — to remove it from a “grey list” of nations that have not done enough to combat money laundering and terrorist financing.
The FATF placed Turkey on its grey list in 2021. According to a report, during a discussion with a parliamentary commission on Oct. 31, Turkish Finance Minister Mehmet Simsek said a FATF report determined that Turkey adhered to all but one of the 40 standards set by the watchdog.
Continue Reading on Cointelegraph
[ad_2]
Source link
Turkey is reportedly drafting fresh regulations to govern crypto assets in an effort to convince the Financial Action Task Force (FATF) — an international organization responsible for combating financial crimes — to remove it from a “grey list” of nations that have not done enough to combat money laundering and terrorist financing.
The FATF placed Turkey on its grey list in 2021. According to a report, during a discussion with a parliamentary commission on Oct. 31, Turkish Finance Minister Mehmet Simsek said a FATF report determined that Turkey adhered to all but one of the 40 standards set by the watchdog.
Continue Reading on Cointelegraph
About The Author
