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Turkey's New Crypto Regulations to Focus on Licensing and Taxation, Aim to Shed FATF Grey-List Status

Turkey is expected to introduce regulations to regulate the crypto market in 2024, with a focus on licensing and taxation. Turkey ranked fourth globally in raw crypto transaction volumes, reflecting Turks' desire to counteract currency devaluation and youths' interest in new technology. The government said work on regulation for crypto asset service providers and taxation of digital virtual assets will be on the agenda for 2024.

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