On Monday, the investment arm of Akbank announced it had acquired local crypto firm Stablex, with a top official at Ak Investment saying the group wanted to be a key player in the digital asset space.
In November, a government official said crypto legislation will soon come to Parliament. There's little detail about the framework, but it's part of the country's strategy to leave global watchdog Financial Action Task Force's (FATF) "gray list," intended for countries that need to address shortcomings in their anti-money laundering and terrorist financing measures.
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