Turkey Takes Steps to Escape FATF ‘Grey List’ Through New Crypto Regulations
Turkey is seeking to strengthen its anti-money laundering measures and remove itself from the FATF "grey list" through new crypto regulations. Finance Minister Mehmet Simsek aims to present a crypto assets bill to parliament, paving the way for compliance with international standards. Turkey's Presidential Annual Program envisions finalizing cryptocurrency regulations by the end of 2024, including precise definitions for crypto assets and providers. The country's progress toward a central bank digital currency adds further complexity to its crypto regulatory efforts.