Cryptocurrency providers are now subject to terrorism-financing and money laundering laws in Turkey, a new presidential decree says. It comes amid an investigation into local platforms which abruptly halted operations in April.
The decree was published in the Official Gazette on Saturday, taking effect immediately. Forcing the platforms to abide by the regulations could make it easier to investigate digital currency holdings, according to Bloomberg.
The crypto industry has been under increased scrutiny in Turkey in recent weeks. On Friday, a ban on the use of digital assets for purchases came into force. Turkey’s central bank previously cited “irreparable” damage and transaction risks as reasons for the ban. (RT)
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