Turkey Brings Authentication In Cryptocurrencies

avatar

By the presidential decree, "crypto asset service providers" were included in the regulation on measures to prevent money laundering and terrorist financing.

Told me @rsntpl and @hive-176626 thanks for this news from Turkey.
You can read original post :https://ecency.com/hive-176626/@hive-176626/tuerkiyede-kripto-paralarda-denetim-artiriliyor

According to the presidential decision, cryptocurrency platforms will be liable for the measures taken to prevent money laundering and terrorist financing.

With the same decision, savings financing companies operating in the interest-free housing system were also liable for these measures.

Crypto money platforms and interest-free housing companies will make detailed identification during every transaction above a certain amount.

It will pay special attention to transactions of unusually large size and transactions that do not have a reasonable legal and economic purpose. It will take measures against technological risks.

Crypto money platforms and interest-free housing companies will report suspicious transactions to the Ministry of Treasury and Finance, regardless of the amount. It will have to give all the documents requested by the public institutions.



0
0
0.000
3 comments
avatar

Regulation only exists to protect middlemen and legacy business models that would be disrupted or put out of business by new ideas or technology.

0
0
0.000
avatar

Source of plagiarism

Direct translation without giving credit to the original author is Plagiarism. Repeated plagiarism is considered fraud. Fraud is discouraged by the community and may result in the account being Blacklisted.

Please note that direct translations including attribution or source with no original content are considered spam.

0
0
0.000