Turkey adds cryptocurrency exchanges to terror funding regulations

A presidential decree published Saturday added cryptocurrency exchanges to a list of firms covered by Turkey's terror financing and money laundering.

The decision will take immediate effect and will make it easier for the financial watchdog to investigate digital-currency holdings, according to a presidential decree published in the Official Gazette on Saturday.

The move came after a ban on using cryptocurrencies for making payments, which was introduced in response to claims that such transactions are too risky, took effect in Turkey on Friday.

The presidential decree makes “crypto asset service providers” responsible for seeing their assets are not used illegally.

Turkish authorities last month