24.06.2025 20:27

Turkey has implemented stringent new cryptocurrency regulations aimed at combating money laundering and fraudulent activities. These measures, announced by the Ministry of Treasury and Finance, represent a significant escalation in the government's efforts to control the use of digital assets within its borders. The impact will be widespread, fundamentally altering the way cryptocurrency transactions are processed in Turkey.

To enhance transparency and traceability, the Ministry is strengthening oversight of Crypto Asset Service Providers (CASPs). These providers will now be required to meticulously track all transactions, demanding that users disclose the source of funds and the purpose of each transfer. Furthermore, a minimum 20-character explanation is mandatory for every transaction, facilitating the identification of potentially suspicious activity.

A key element of these new rules involves imposing delays on cryptocurrency withdrawals. Transactions that fail to comply with the "travel rule," which mandates the sharing of sender and receiver information, will face a mandatory waiting period. This delay will be at least 48 hours, extending to 72 hours for initial withdrawals from a new account. This tactic aims to prevent the rapid movement of illicit funds.

Further bolstering these controls, the Turkish government has introduced limitations on stablecoin transfers. These digital currencies, pegged to fiat values like the US dollar, will now be subject to daily limits of $3,000 and monthly caps of $50,000 per individual. These restrictions are designed to curtail the potential for large-scale money laundering operations utilizing stablecoins. The comprehensive nature of these regulations signals Turkey's commitment to a more regulated and secure cryptocurrency landscape.