Mehmet Şimşek, Minister of Treasury and Finance, in his statement to the Planning and Budget Commission of the Grand National Assembly of Turkey, made statements about Turkey's status in the grey list of the Financial Action Task Force ("FATF"). He also mentioned about the regulations being prepared for crypto assets and the requirements of these regulations. Şimşek said, "We are making efforts to remove our country from the grey list with the effectiveness that we will provide in practice". Turkey has been on the grey list, which the FATF refers to as the list of countries that require increased monitoring, since 2021.

Stating that a healthy financial system is important for economic growth and development, the minister announced that efforts to strengthen the regime against money laundering and terrorist financing will continue intensively. "According to the FATF report, our country is in compliance with 39 out of 40 FATF standards. Within the scope of technical compliance, the only issue that is still under preparation is the work related to crypto assets. Our necessary work in this regard has reached the final stage. In this state, Turkey has become one of the most successful countries in technical compliance. We are determined to continue and intensify our work in this regard. "We are making efforts to remove our country from the grey list with the effectiveness we will provide in practice," he said.

The Annual Programme of the 2024 Presidency of Turkey was published by the Strategic and Budgetary Presidency in the Official Gazette of 25.10.2023. The programme sets out policies and strategies for their implementation. The programme also includes articles on the taxation of digital assets and the regulation of crypto asset custodians. In this context, for the first time in Turkey, an official statement was made by an official public institution that digital assets would be subjected to taxation. According to the programme, the main goal is to create a financial sector that is compatible with global markets and highly competitive in all financial fields, especially sustainable and digital finance, that can contribute to the development process at affordable costs and conditions, and that has high efficiency and a strong institutional structure.

Regarding digital assets, the programme states that "Legislative studies will be continued for transactions involving virtual assets that can be bought, sold and transferred digitally and represent a digital value" and "For the taxation of digital virtual assets, studies will be completed in order to define these assets in the Turkish legal system". In addition, the programme includes the Ministry of Treasury and Finance and the Republic of Turkey. It also states that the Central Bank will carry out regulatory activities for crypto asset service providers.

The annual strategic programme also includes provisions on the Digital Turkish Lira. According to the programme, studies on the Digital Turkish Lira will be developed and implemented within the course of 2024, and studies on widen its use will be carried out. It was also stated that following these studies, the public will be informed about the Digital Turkish Lira and kept informed about the process.

The United Kingdom government published its plans for the regulation of fiat-backed stablecoins on 30 October. The aim is to facilitate and regulate the use of fiat-backed stablecoins in the UK payment system. It is planned that a specific regulation will be laid before Parliament in 2024 and that stablecoins will be brought under the authority of the Financial Conduct Authority (FCA), which has the power to regulate financial markets in the UK. The regulation will state that stablecoins without fiat backing may not be used in payment services regulated in the country, ensuring reliability.

On 13 October 2023, the California Digital Financial Assets Act was passed. The law is the first comprehensive set of rules to regulate digital asset markets in the state of California. According to the provisions of the Act, after July 2025, crypto asset service providers will require a licence to engage in digital financial asset activities in California, in addition to other previously established criterias. Additionally, the law sets forth the conditions for other regulations related to digital financial services.

The G7 countries (the US, Canada, France, Germany, Italy, Japan and the UK) are set to agree rules on governance for companies developing advanced artificial intelligence technologies. It is expected that the new rules to be established will regulate how countries that want to be cautious about the use of artificial intelligence due to privacy concerns and security risks should adopt an understanding. It has been stated that the 11 articles identified in the G7 document aim to promote the safe and secure use of artificial intelligence worldwide and will provide guidance to organisations developing the most advanced artificial intelligence systems on how to regulate their activities.