Turkey is set to introduce crypto legislation in a bid to exit the FATF “grey list”!

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Turkey is close to bringing crypto legislation to its parliament, according to the country’s finance minister, Mehmet Şimşek, as it seeks to be removed from the Financial Action Task Force’s “grey list” and restore confidence in its economy. The Paris-based global money laundering and terror financing watchdog placed Turkey on the list in 2021, which has boosted the popularity of cryptocurrencies in the country. “Our necessary efforts in this regard have reached the final stage,” Simsek said, adding the country had complied with 39 out of 40 FATF standards.