By Monitoring Desk

ISTANBUL: Turkey 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 on Saturday.

The Official Gazette said 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.

The move came after a ban on using cryptocurrencies for making payments, which was introduced in response to claims that such transactions are too risky, took effect in Turkey on Friday.

The presidential decree makes crypto asset service providers responsible for seeing their assets are not used illegally. The decree immediately went into force with its publication in Turkey’s Official Gazette.

Last month Turkey’s central bank banned the use of crypto assets for payments on the grounds such…

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