Türkiye’s draft rules for crypto assets enter final stages

According to Reuters, Turkey’s Finance Minister Mehmet Simsek said on Wednesday that Turkey’s crypto-asset regulations are in the final stages and are expected to bring licensing and operational standards to trading platforms. These rules are aimed at reducing the popularity of crypto-assets. transaction risks and help the country escape the “grey list” of international financial crime regulators. According to a report by blockchain analytics firm Chainaanalysis, Turkey ranks fourth globally in terms of raw cryptocurrency trading volume, at about $170 billion last year, behind the United States, India and the United Kingdom.