Turkey is one step away from regulating cryptocurrency trading.
According to the state-run Anadolu News Agency, Turkish Finance Minister Mehmet Simsek confirmed today that draft regulations to regulate crypto-assets in Turkey, which are expected to clarify licensing and operating standards for trading platforms, have reached their final stage. stage has been reached.
Şimşek stressed that the regulations are aimed at reducing the risks of trading crypto assets as well as helping the country get off the "grey list" of international financial crime watchdogs.
"Crypto-asset trading platforms will be licensed by the Capital Markets Board, and will require minimum operating standards... including certain conditions for founders and administrators, regulatory obligations and capital requirements," he added. .
According to a report released by blockchain analysis company Chainalysis, it ranks fourth globally in terms of cryptocurrency transaction volume, with around $170 billion over the past year, behind Turkey, the US, India and the UK. is at no.
