Turkey is set to implement sweeping new regulations aimed at tightening oversight of cryptocurrency transactions, in a move designed to fight money laundering and improve transparency in one of the world’s busiest crypto markets.
Under the new regulatory framework, all crypto transactions will require transfer notes of at least 20 characters. This measure is expected to boost traceability and accountability for fund movements between wallets and platforms.
Additionally, cryptocurrency platforms that fail to meet regulatory compliance will face strict withdrawal restrictions. Non-compliant exchanges will be required to impose a minimum 72-hour delay on withdrawals—potentially curbing rapid fund outflows commonly seen in suspicious activity.
Stablecoin Transaction Limits Set
Authorities are also clamping down on stablecoin usage by enforcing hard limits on transfers. Individuals using unlicensed platforms will be subject to a maximum of $3,000 per day and $50,000 per month in stablecoin transactions. These caps are part of a broader effort to control the movement of digital assets that often mirror fiat currencies and can facilitate unmonitored cross-border transfers.
Relief for Licensed Platforms
Licensed crypto platforms may receive more relaxed thresholds, giving regulated entities some operational flexibility. However, the specifics of these exemptions have yet to be fully disclosed. The distinction is expected to incentivize platforms to seek formal licensing under Turkey’s evolving crypto legal framework.
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Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/turkey-introduces-strict-new-crypto-rules-to-combat-money-laundering/