According to Cointelegraph, Turkey's Ministry of Finance plans to implement stricter cryptocurrency regulations to combat money laundering and financial crimes. The new regulations require crypto platforms to collect information on the origin and purpose of each transfer, and users need to provide a transaction description of at least 20 characters. In addition, most withdrawals will be subject to a 48-hour delay, and the first withdrawal will require a 72-hour wait.
The new rules will also set limits on stablecoin transfers: $3,000 per day for regular users and $50,000 per month; platforms that fully comply with "travel rules" can enjoy double limits. Transfers related to liquidity provision, market making and arbitrage are exempt from these restrictions under platform monitoring.
Turkey strengthens cryptocurrency regulation, introduces transfer restrictions and identity verification requirements
2025-06-24 11:02:43
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