Turkey Aims to Exit FATF Grey List Through New Crypto Regulations
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Turkey was placed on FATF's "grey list" in 2021 for deficiencies in anti-money laundering and counter-terrorism financing.
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Turkish Finance Minister stated crypto assets are the sole outstanding issue for FATF technical compliance.
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Turkey plans to propose a crypto assets law to exit the FATF grey list.
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Turkey's 2024 Presidential Program sets completing crypto regulations as an objective.
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The program outlines establishing definitions for crypto assets and providers, potentially subjecting them to taxation.