Turkish Government Requiring Exchanges To Report Bitcoin Trades Over ,200

Adding to its recent moves to close in on what it sees as cryptocurrency’s potential to facilitate criminal activity,the Turkish government has announced that cryptocurrency exchanges in the country must report any transactions that exceeds 10,000 Turkish lira (equivalent to $1,200) to the government’s financial crime agency, according to a report from Decrypt.

Announcing the decision on the national channel CNN Türk, Turkey’s treasury and finance minister Lütfi Elvan noted that exchanges would have a timeframe of ten days to report customers who carry out transactions that exceed this benchmark.

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