Turkey adds crypto firms to terror funding regulations

Turkey adds crypto firms to terror funding regulations ...
aljazeera.com 01/05/2021 Economy

Keywords:#Albania, #Aljazeera.com, #CEO, #People, #Saturday, #Turkey, #Turkish

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.
In the days that followed, two Turkey-based cryptocurrency trading platforms were halted under separate investigations – Thodex and Vebitcoin.
Six suspects linked to the Thodex probe were jailed on Friday pending trial.
The investigation into Thodex, which handled daily trades of hundreds of millions of dollars, initially led to the arrests of 83 people after customers complained of not being able to access their funds.
Interpol issued a detention warrant for the firm’s CEO, Faruk Fatih Ozer, who is sought by Turkish authorities after he travelled to Albania.
People in Turkey have been increasingly attracted by cryptocurrencies as protection against the decline of the lira and double-digit inflation.
--- ---
...

Read more from Source »

Related articles based on keyword density
Iran says US presence in Syria 'wrong' from the start ...
aljazeera.com 23/12/2018 Military
In first Iranian comments on Trump's pull-out plan, Tehran says US caused 'instability and insecurity' in the region. *** The US currently has around ...View Details»

US President Joe Biden officially recognises ‘Armenian Genocide’ ...
aljazeera.com 25/04/2021 Politics
United States President Joe Biden has formally recognised the mass killing of Armenians in the Ottoman Empire during World War I as a “genocide”, a mo...View Details»

Iran calls for international action on Apartheid Israel ...
aljazeera.com 17/05/2021 Military
Iran calls for strong international response to Israel’s ‘Crimes Against Humanity and war crimes’ against Palestinians. By Maziar Motamedi 16 May 2021...View Details»

What is Critical Race Theory? And why are racists afraid of it? ...
aljazeera.com 30/06/2021 Politics
By Hamid Dabashi The culture of settler-colonial societies, of people coming from across the world and overpowering the original inhabitants of a vast...View Details»

Thousands in Diyarbakir celebrate Newroz amid tight security | The Her...
heraldonline.com 21/03/2016 Culture
*** Demonstrators try to protect themselves near a barricade as they clash with security forces during banned Nowruz celebrations, in Gazi district in...View Details»


EOF