ISTANBUL (AP) — A presidential decree published Saturday added cryptocurrency exchanges to a list of firms covered by Turkey’s terror financing and money laundering. 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. Turkish authorities last month launched fraud investigations into two cryptocurrency exchanges, Thodex and Vebitcoin. Turks have been increasingly attracted by cryptocurrencies as protection against the decline of the lira and double-digit inflation.

Source: Daily Sun May 01, 2021 08:03 UTC