Turkey has brought which type of firms into the ambit of anti-money laundering and terrorism financing regulation?
A. Pharmaceutical Firms
B. Money Exchange Firms
C. Foreign Exchange Firms
D. Cryptocurrency Trading Firms
Answer
Correct Answer: D. Cryptocurrency Trading Firms
Detailed About MCQs
The Government of Turkey’s official gazette recently added the firms involved in Cryptocurrency Trading, into the ambit of anti-money laundering and terrorism financing regulation. This amendment has come into force with immediate effect. This regulation includes all crypto asset service providers operating in the country. German’s central bank has banned the use of cryptocurrency for payments and settlements.