Turkey taking crypto transaction steps to hinder laundering, Simsek says


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Turkey's Finance Minister Mehmet Simsek speaks during a meeting of Turkish Industry and Business Association (TUSIAD) in Istanbul, Turkey, July 11, 2024. REUTERS/Murad Sezer/File Photo

ISTANBUL (Reuters) -Turkey is taking steps to prevent the laundering of criminal proceeds from illegal betting and fraud through cryptocurrency transactions, Finance Minister Mehmet Simsek said on Tuesday.

On his X account, he reposted an article by state-owned Anadolu news agency saying Turkey was preparing to introduce transfer limits and mandatory waiting periods for withdrawals on crypto assets.


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