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Turkish Finance Minister noted that work related to the crypto assets regulations is the final outstanding matter in order to achieve full compliance with FATF standards. Turkey’s finance minister has revealed the country’s intentions to introduce new crypto regulations, aiming to secure removal from the Financial Action Task Force’s “grey
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Turkey is reportedly drafting fresh regulations to govern crypto assets in an effort to convince the Financial Action Task Force (FATF) — an international organization responsible for combating financial crimes — to remove it from a “grey list” of nations that have not done enough to combat money laundering and
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“We will submit a law proposal on crypto-assets to the parliament as soon as possible,” Simsek said, according to CryptoX Turkey. “After that, there will be no reason for Turkey to stay in that grey list, if there are no other political considerations.” Source
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The FATF requires virtual asset service providers to implement the same preventive measures as financial institutions, including customer due diligence, record keeping and reporting of suspicious transactions, and adhere to its travel rule – which requires crypto service providers to collect and share information on transactions above a certain threshold. Source
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Sushi DAO proposed the creation of a legal defense fund March 21 in response to the “recent” subpoena of Sushi head Jared Grey and the decentralized autonomous organization (DAO) itself by the United States Securities and Exchange Commission (SEC). The DAO’s proposal did not provide details about the SEC subpoena. It
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In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa to obtain loans
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On paper, the concept of a “stablecoin” is relatively simple. Cryptocurrencies are notoriously volatile, and traders like being able to cash out quickly. Stablecoins are cryptocurrencies that allow for just that. Tied 1:1 to the price of a particular fiat currency (usually the U.S. dollar), they’re a way for traders
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The attack had a rather strange outcome, as the Hacken CEO stated that this “was not a typical hacking”, and he plans to discuss the project with the hackers.Recently, the homepage of the First Grey Hat Hackers Ideas Competition website was hacked by malicious actors who left a message on
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Hacken, a prominent cybersecurity, blockchain and cryptocurrency community is organizing the First Grey Hat Hackers Idea Competition where hackers and computer enthusiasts can submit their ideas to detect and counter vulnerabilities in crypto and DeFi projects. The hackathon offers Grey Hat hackers an opportunity to implement their ideas with the
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In the wake of the Covid-19 millions of people have been subjected to months inside their homes as governments scramble to control the spread of the virus. This event is unparalleled in modern times and has affected almost every industry imaginable, including cybersecurity.Cyber Attacks On The RiseWith millions more people
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