Greek Fintech Hub
Turkey has added cryptocurrency trading platforms to the list of firms covered by anti-money laundering and terrorism financing regulation, it said in a presidential decree published early May 1.
The move came after a ban on using cryptocurrencies for making payments introduced in response to claims that such transactions are too risky took effect in Turkey on April 30.
The Turkish central bank (also known as CBRT or TCMB) has issued "Regulation on the Disuse of Crypto Assets in Payments." It was published Friday in the official newspaper of the Turkish government.
The central bank also announced Friday that "studies on the regulation regarding the disuse of crypto assets in payments have been completed."
Across the world, digital payment methods are becoming increasingly widespread. Where once cash was king, consumers are now turning to methods that offer greater flexibility. They no longer want to have pockets full of change or make frequent trips to their nearest ATM; rather, they like to know they have constant access to their money at the click of a button.
Largest US crypto exchange Coinbase gets SEC approval to list on Nasdaq. Coinbase has been valued privately at around $68billion