Turkey's new rules to regulate the crypto market are likely to focus on licensing and taxation, sector officials say, as the world's fourth-biggest crypto-trading country seeks to get off an international financial crime watchdog's "grey list". Ankara promised the regulations last month amidst a years-long boom in crypto trading, as soaring inflation and a plunging lira currency drives a demand for alternative assets. Turkey is also seeking to address concerns raised by Paris-based financial watchdog The Financial Action Task Force (FATF), which placed the country on its so-called grey list of countries at risk of money laundering and other financial crimes in 2021.