Turkey Tightens Crypto Regulations to Curb Money Laundering
While the illicit use of cryptocurrency is growing enormously, Turkey is planning to introduce stringent regulations in the country, aimed at curbing money laundering and enhancing financial oversight on crypto users.
Prepared by The Ministry of Treasury and Finance, the regulations mandate a minimum 20-character transfer note for all crypto transactions and a 72-hour withdrawal delay for non-compliant platforms. Moreover, the new rule also restricts stablecoin transactions to limits of $3,000 daily and $50,000 monthly—as per the official release.
With the new regulations unveiling, The Turkish Ministry of Treasury and Finance, led by Mehmet Şimşek, emphasized the initiative as balancing legitimate activity with anti-money…
