Turkey Tightens Crypto Rules to Combat Illicit Activity
Turkey imposes transfer notes, withdrawal delays, and stablecoin limits to fight crypto money laundering.
- Mandatory ≥20-character transfer notes to trace transactions
- 72-hour withdrawal delay for non-compliant platforms
- Daily/monthly stablecoin limits, relaxed for licensed platforms
Turkey is introducing a comprehensive suite of crypto regulations aimed at combating money laundering. The most notable change is a requirement for transfer notes of at least 20 characters, providing a clearer audit trail for transactions. This measure is designed to make it significantly harder for illicit transfers to go unnoticed.
Withdrawal Delays for Compliance
To ensure platforms follow anti-money laundering (AML) guidelines, Turkey will impose a minimum 72-hour withdrawal delay on any platform found to be non-compliant. This cooling-off period gives authorities extra time to review suspicious transactions and potentially prevent illicit outflows of digital assets.
Stablecoin Limits and Licensing Incentives
To curb excessive use of stablecoins without giving crypto platforms a disadvantage, Turkey is setting stablecoin limits of $3,000 per day and $50,000 per month. However, platforms that obtain proper licensing from Turkish regulators can benefit from relaxed limits, encouraging compliance and formal registration within the country’s financial system.
Why It Matters
Turkey consistently ranks among the most active global crypto markets. These moves reflect the government’s broader commitment to align with international AML standards while preserving its vibrant crypto ecosystem. By incentivizing licensing and adding new compliance measures, Turkey aims to reduce illicit activity without stifling innovation.
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