Turkey's Finance and Treasury Minister Mehmet Simsek announced at the "Ministerial Conference on Counter-Terrorism Financing" in Paris that cryptocurrencies have become a new focal point for financial crime risks. Simsek highlighted that stablecoins, due to their value retention, cross-border transfer capabilities, and accessibility, are increasingly being used by terror financiers. In response, Turkey has integrated virtual asset service providers into its anti-money laundering and counter-terrorism financing obligations, implemented fund transfer regulations, and imposed a complete ban on crypto ATMs. Additionally, Turkey has set transfer limits on stablecoins at $3,000 per day and $50,000 per month. Simsek urged global adherence to FATF regulatory standards and called for rapid intelligence sharing on suspicious wallets, aiming for hourly updates.