Mehmet Simsek, the Turkish Finance Minister, recently revealed that a draft of his country’s crypto regulations is now in the final stage. Simsek said that once they come into force, the new regulations will help minimize the risks that are associated with trading crypto assets.
Minimum Operating Standards
According to Turkish Finance Minister Mehmet Simsek, the draft cryptocurrency regulations, which are expected to help the country get off the Financial Action Task Force (FATF)’s grey list once they become law, are now in the final stage. Simsek added that once they come into force, the new regulations will also minimize the risk of trading crypto assets.
In his remarks published by Reuters, the Finance Minister revealed the name of the body which is going to issue licenses to crypto platforms as well as the required operating standards.
“Crypto asset trading platforms will be licensed by the Capital Markets Board (CMB), and minimum operating standards will be required … incl
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