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 Turkey aims to shed FATF grey list status with new crypto regulations

Turkey aims to shed FATF grey list status with new crypto regulations


Published: 2023-11-01


1. Turkey's Efforts to Remove FATF Gray List Status and Implement Crypto Regulations - Turkey is making efforts to remove its name from the Financial Action Task Force (FATF) gray list by implementing new regulations for cryptocurrencies. - The country aims to establish a favorable regulatory framework to promote the growth of the crypto industry while adhering to international anti-money laundering and counter-terrorism financing standards. - The proposed regulations include the licensing of cryptocurrency exchanges and the requirement for customer identification and due diligence procedures. - By addressing concerns related to illicit activities and enhancing investor protection,Turkey seeks to gain international recognition and improve its standing in the global crypto market.

2. Turkey's Crypto Regulations and Their Potential Impact - The introduction of comprehensive regulations for cryptocurrencies in Turkey may have a significant impact on the local crypto ecosystem. - Licensing requirements for cryptocurrency exchanges could help in bringing more legitimacy to the industry and building trust among investors. - The implementation of customer identification and due diligence procedures can enhance the security and transparency of crypto transactions,reducing the risk of illicit activities. - These regulations may also attract foreign investors and foster the development of innovative blockchain-based projects in Turkey,leading to economic growth and job creation.

3. Challenges and Opportunities for Turkey in the Cryptocurrency Sector - While the proposed crypto regulations in Turkey present opportunities for growth,there are also challenges that need to be addressed. - Striking the right balance between regulation and innovation is crucial to ensure that the industry's potential is fully realized without stifling technological advancements. - Cooperation with international partners and organizations like the FATF is essential for Turkey to demonstrate its commitment to combating money laundering and terrorism financing. - Additionally,educating the public about the benefits and risks of cryptocurrencies and promoting financial literacy will be crucial in creating a well-informed and responsible crypto community in Turkey. (Note: Each topic is numbered for ease of reference)


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,075.00 1,932,311,304.40
2 BTC title=BTC 61,454.49 1,857,597,044.17
3 PEPE title=PEPE <0.01 1,084,050,901.93
4 ETH title=ETH 2,890.37 789,144,557.82
5 SOL title=SOL 143.95 509,936,567.41
6 WIF title=WIF 2.82 296,674,666.90
7 DOGE title=DOGE 0.15 275,553,622.98
8 FLOKI title=FLOKI <0.01 218,189,713.94
9 BOME title=BOME 0.01 195,695,381.89
10 WLD title=WLD 4.67 195,392,299.80
11 RNDR title=RNDR 9.99 166,093,505.03
12 XRP title=XRP 0.50 150,344,358.61
13 ENA title=ENA 0.69 118,585,881.09
14 NEAR title=NEAR 6.99 99,412,433.68
15 BONK title=BONK <0.01 96,432,420.52
16 RUNE title=RUNE 5.49 96,088,394.21
17 PEOPLE title=PEOPLE 0.03 69,610,138.62
18 AVAX title=AVAX 32.02 58,347,200.59
19 ORDI title=ORDI 36.61 56,672,012.92
20 ICP title=ICP 12.03 54,605,487.93
21 1000SATS title=1000SATS <0.01 41,151,487.74
22 LTC title=LTC 79.27 37,883,285.03
23 JTO title=JTO 3.80 36,950,250.55
24 ARKM title=ARKM 2.25 36,580,867.33
25 SUI title=SUI 0.90 36,541,173.49
26 ADA title=ADA 0.43 34,844,628.23

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Keep3rV1 title=KP3R 83.61 +22.38
2 ConstitutionDAO title=PEOPLE 0.03 +10.47
3 Viction title=VIC 0.47 +8.70
4 Orion title=ORN 1.42 +7.06
5 BinaryX title=BNX 0.96 +4.89
6 BENQI title=QI 0.02 +3.30
7 MovieBloc title=MBL <0.01 +3.06
8 AS Roma Fan Token title=ASR 3.80 +2.84
9 Firo title=FIRO 1.56 +2.64
10 ARK title=ARK 0.81 +2.62
11 1000SATS (Ordinals) title=1000SATS <0.01 +2.26
12 Internet Computer title=ICP 12.03 +1.77
13 Bluzelle title=BLZ 0.38 +1.72
14 Pepe title=PEPE <0.01 +1.55
15 FLOKI title=FLOKI <0.01 +1.34
16 Zcash title=ZEC 22.26 +1.14
17 Alpine F1 Team Fan Token title=ALPINE 1.75 +0.92
18 eCash title=XEC <0.01 +0.85
19 Bounce title=AUCTION 14.39 +0.77
20 Enjin Coin title=ENJ 0.28 +0.71
21 Siacoin title=SC <0.01 +0.68
22 Waves title=WAVES 2.30 +0.61
23 Loopring title=LRC 0.25 +0.57
24 PAX Gold title=PAXG 2,339.00 +0.56
25 Maker title=MKR 2,709.00 +0.56
26 Beta Finance title=BETA 0.06 +0.46
27 Shentu title=CTK 0.63 +0.45
28 Pendle title=PENDLE 3.96 +0.38
29 Manchester City Fan Token title=CITY 3.33 +0.33
30 yearn.finance title=YFI 6,720.00 +0.15

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Worldcoin title=WLD 4.67 -16.19
2 Render title=RNDR 9.99 -11.53
3 Omni Network title=OMNI 14.31 -10.73
4 dogwifhat title=WIF 2.82 -10.31
5 Ethena title=ENA 0.69 -10.17
6 Ethernity Chain title=ERN 4.00 -9.64
7 Axelar title=AXL 0.91 -8.64
8 Jito title=JTO 3.80 -8.40
9 Dymension title=DYM 2.53 -8.36
10 Arkham title=ARKM 2.25 -8.35
11 Sui title=SUI 0.90 -8.34
12 NULS title=NULS 0.56 -8.04
13 Saga title=SAGA 2.25 -7.98
14 JOE title=JOE 0.42 -7.80
15 Marlin title=POND 0.02 -7.72
16 Renzo title=REZ 0.11 -7.59
17 THORChain title=RUNE 5.49 -7.21
18 Celestia title=TIA 8.31 -7.05
19 Polymesh title=POLYX 0.36 -7.04
20 Sei title=SEI 0.45 -7.03
21 Raydium title=RAY 1.51 -6.91
22 Immutable title=IMX 2.06 -6.87
23 Flux title=FLUX 0.83 -6.85
24 Sleepless AI title=AI 1.05 -6.59
25 DODO title=DODO 0.17 -6.58
26 Pixels title=PIXEL 0.34 -6.47
27 Numeraire title=NMR 24.70 -6.44
28 SingularityNET title=AGIX 0.84 -6.43
29 Bella Protocol title=BEL 0.80 -6.19
30 Neutron title=NTRN 0.63 -6.13

Bitcoin's Greed and Fear Index.

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66
Greed

Global CryptoCurrency News

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US news that has a significant impact on the market

at news day date time
1 Core CPI m/m Wednesday 15-05-2024 13:30
2 Core Retail Sales m/m Wednesday 15-05-2024 13:30
3 CPI m/m Wednesday 15-05-2024 13:30
4 CPI y/y Wednesday 15-05-2024 13:30
5 Empire State Manufacturing Index Wednesday 15-05-2024 13:30
6 Retail Sales m/m Wednesday 15-05-2024 13:30
7 Business Inventories m/m Wednesday 15-05-2024 15:00
8 NAHB Housing Market Index Wednesday 15-05-2024 15:00
9 Mortgage Delinquencies Wednesday 15-05-2024 15:10
10 Crude Oil Inventories Wednesday 15-05-2024 15:30
11 FOMC Member Bowman Speaks Wednesday 15-05-2024 20:20
12 TIC Long-Term Purchases Wednesday 15-05-2024 21:00
13 Unemployment Claims Thursday 16-05-2024 13:30
14 Building Permits Thursday 16-05-2024 13:30
15 Philly Fed Manufacturing Index Thursday 16-05-2024 13:30
16 Housing Starts Thursday 16-05-2024 13:30
17 Import Prices m/m Thursday 16-05-2024 13:30
18 Industrial Production m/m Thursday 16-05-2024 14:15
19 Capacity Utilization Rate Thursday 16-05-2024 14:15
20 FOMC Member Barr Speaks Thursday 16-05-2024 15:00
21 Natural Gas Storage Thursday 16-05-2024 15:30
22 FOMC Member Mester Speaks Thursday 16-05-2024 17:00
23 FOMC Member Bostic Speaks Thursday 16-05-2024 20:50
24 CB Leading Index m/m Friday 17-05-2024 15:00
25 FOMC Member Waller Speaks Friday 17-05-2024 15:15
26 FOMC Member Kugler Speaks Saturday 18-05-2024 22:45

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