Turkey adds crypto firms to terror funding regulations

Presidential decree adds cryptocurrency exchanges to anti-money laundering and terrorism financing rules.

Turkey has added cryptocurrency trading platforms to the list of firms covered by anti-money laundering and terrorism financing regulation, according to a presidential decree. The Official Gazette said on Saturday the country’s latest expansion of rules governing cryptocurrency transactions would take immediate effect and cover “crypto asset service providers”, which would be liable to the existing regulations. Last month, Turkey’s central bank banned the use of crypto assets for payments on the grounds such transactions were risky.