Turkey’s crypto regulations in final stages, finance minister reveals

The Turkish government will legally define critical concepts in crypto, license trading platforms and comply with the Financial Action Task Force (FATF) standards.

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Turkish Minister of Treasury and Finance Mehmet Şimşek has revealed some of what is contained in upcoming crypto regulations in Turkey. The government will legally define critical concepts in crypto, license trading platforms and comply with the Financial Action Task Force (FATF) standards.

In a Jan. 10 interview with the Anadolu Agency, Şimşek confirmed that the crypto framework for the Turkish market is now in the final stages of its development, with the technical aspects of its implementation being assessed.

Related: Turkey’s Erdoğan picks crypto professor for central bank board

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