America’s government, recently cryptocurrencies and to the cryptocurrency markets began to take concrete steps towards it. In this context, with a circular published in the Official Gazette in the past weeks, crypto assets are prevented from being used as a payment instrument. had been removed. Now concerns the cryptocurrency markets a new regulation has just been released.
Published in the Official Gazette as of Saturday, May 1, 2021 “Regulation Amending the Regulation on the Prevention of Laundering Proceeds of Crime and the Financing of Terrorism”
With , crypto asset service providers have been added to the list of obliged institutions to prevent terrorist financing.
Crypto service providers will be responsible for preventing terrorist financing:
Crypto asset service providers
with savings financing series of companies
The regulation added among the companies responsible for the prevention of terrorist financing included the following statements:
“The first paragraph of Article 4 of the Regulation on Measures for the Prevention of Laundering Proceeds of Crime and the Financing of Terrorism put into effect with the Decision of the Council of Ministers dated 10/12/2007 and numbered 2007/13012. v) bendollar series have been added.
- (ü) Crypto asset service providers.
- (v) Savings financing companies series. ‘”
With this regulation, the government has further increased its influence on crypto assets and crypto service providers. Recently, a larger scale cryptocurrency regulation is also expected to take effect.