Turkey to Introduce a Crypto Legislation This Year
Main page News, Turkey, Regulations, Cryptocurrency
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7 May

The Turkish government intends to introduce new legislation related to cryptocurrencies by the end of 2024.

In January, Finance Minister Mehmet Simsek had mentioned that the rules regarding cryptocurrencies were already finalized. However, the official document has not yet been submitted to Parliament for consideration.

Turkey plans to apply the Financial Action Task Force (FATF) standards to remove Turkey from its "grey list."

This list includes jurisdictions with inadequate measures to prevent money laundering and terrorist financing, and Turkey has been on it since October 2021.

Turkey's Central Bank has already implemented two key rules related to digital assets, including a ban on crypto payments and adherence to anti-money laundering (AML) regulations under the supervision of the Ministry of Finance’s financial intelligence unit.

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