Turkey’s Ministry of Treasury and Finance has introduced stricter regulations for crypto asset service providers to combat illicit financial activities. Digital platforms must now collect detailed transaction information and verify the source of funds.
A 48-hour waiting period for crypto withdrawals is now enforced, extending to 72 hours for new users’ first withdrawals. Stablecoins face a daily limit of 3,000 USD and a monthly cap of 50,000 USD.
Platforms failing to comply with these regulations risk severe sanctions, including financial penalties and license revocation. The new rules aim to enhance transparency and support legal transactions while curbing illegal activities.
Leave a Reply