According to Turkey's Anadolu Agency, Turkish Minister of Treasury and Finance Mehmet Simsek stated at the 'Counter-Terrorism Financing Ministerial Conference' in Paris that crypto assets have become a new hub for financial crime risks. Stablecoins, due to their value preservation, instant cross-border transfers, and easy accessibility, are increasingly being exploited by terrorist financiers. Simsek mentioned that Turkey has included virtual asset service providers under anti-money laundering and counter-terrorism financing obligations, implemented fund transfer rules, and imposed a complete ban on crypto ATMs. Additionally, daily and monthly transfer limits for stablecoins have been set at $3,000 and $50,000, respectively. Simsek called for global adherence to FATF regulatory standards and the ability to share intelligence on suspicious wallets within hours. https://(wublock123.com)/news/turkey-finance-minister-stablecoins-terrorism-financing-risk-61544