Fun

News Feed - 2023-11-01 05:11:07

Amaka Nwaokocha8 minutes agoTurkey aims to shed FATF gray list status with new crypto regulationsFinance Minister Simsek reportedly stated that the sole outstanding technical compliance matter is crypto assets.37 Total viewsListen to article 0:00NewsJoin us on social networksTurkey is reportedly drafting fresh regulations to govern crypto-assets in an effort to convince the Financial Action Task Force (FATF), an international organization responsible for combating financial crimes, to remove it from a “gray list” of nations that have not done enough to combat money laundering and terrorist financing.


Notably, the FATF placed Turkey on its gray list in 2021. According to a report, during a discussion with a parliamentary commission on Oct. 31, Turkish Finance Minister Mehmet Simsek mentioned that a FATF report determined that Turkey adhered to all but one of the 40 standards set by the watchdog.


Finance Minister Simsek reportedly stated that the sole outstanding matter for technical compliance is related to crypto assets. He cited plans to propose a crypto-assets law to parliament, aiming to exit the gray list, pending any political factors. No specifics on the legal changes were provided.


The FATF, established by the G7 advanced economies to safeguard the international financial system, cautioned Turkey in 2019 about significant deficiencies. These included the necessity to enhance procedures for freezing assets associated with terrorism and the proliferation of weapons of mass destruction.


Related:Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey


Nevertheless, the Turkish Presidential Annual Program for 2024, released on Oct. 25 in the Official Gazette of the Republic of Turkey, sets the objective of completing cryptocurrency regulations in the country by the end of 2024. Article 400.5, found within the comprehensive 500-page document, outlines the intended efforts to establish clear definitions for crypto assets, potentially subject to taxation in the future.


The document also intends to legally define crypto asset providers like cryptocurrency exchanges. However, it does not provide further specifics on the upcoming regulatory framework. By December 2022, the Central Bank of the Republic of Turkey had successfully conducted the initial trial of its digital currency, the digital lira. It has expressed intentions to pursue further testing into 2024.


Magazine:The Truth Behind Cuba’s Bitcoin Revolution. An on-the-ground report# Cryptocurrencies# Turkey# Digital Currency# Digital Asset# RegulationAdd reactionAdd reactionRead moreWSJ debacle fueled US lawmakers’ ill-informed crusade against cryptoFrom payments to DeFi: A closer look at the evolving stablecoin ecosystemBasel Committee to consider disclosure requirements for banks’ crypto assets

News Feed

Floki Inu warns of fake tokens on Solana and Base blockchains
Amaka Nwaokocha53 minutes agoFloki Inu warns of fake tokens on Solana and Base blockchainsFloki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent
French Programmer Sent Bitcoin Donations to Far-Right Activists Who Participated in the US Capitol Riots
French Programmer Sent Bitcoin Donations to Far-Right Activists Who Participated in the US Capitol Riots A crypto forensic analysis reveals that a French donor s
Marcel Pechman14 hours agoBitcoin price breaks from range with drop below $28K, and options tilt toward BTC bearsAbout $570 million in weekly BTC options expire on Friday, and the recent macro and crypto news events have
Tristan Greene3 hours agoAnthropic cracks open the black box to see how AI comes up with the stuff it saysThe researchers were able to trace outputs to neural network nodes and show influence patterns through statistical
Helen Partz11 hours agoCurve omnipool platform Conic Finance hacked for $3.2M in ETHAccording to initial analysis by Peckshield, the root cause for the hack was the new CurveLPOracleV2 contract.2323 Total views50 Total s
Bitcoin Mining Difficulty Surges to an All-Time High, Network Prints 2022’s Largest Retarget Increase
Bitcoin Mining Difficulty Surges to an All-Time High, Network Prints 2022"s Largest Retarget Increase Bitcoin’s mining difficulty reached an all-time high on October 10, whi
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coi
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender"s Contradictory Statements The troubled crypto lender Hodlnaut shared another update
Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide
Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to st
BNB Chain activates hard fork, reduces fees
Ezra Reguerra2 hours agoBNB Chain activates hard fork, reduces feesBNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing.872 Total views1 Tot
Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer
Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer The electronics giant and largest corporation in South
Tiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTC
Christopher Roark2 hours agoTiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTCThe device, called a ‘Bitaxe,’ successfully mined a block even though its chances were only 1 out of 1 billion