According to local media reports, Turkish authorities are planning to enforce tighter monitoring on crypto transactions, requiring platforms to collect detailed information on both the source and intent of each transfer.
A key change includes mandatory transaction notes of at least 20 characters. Additionally, users may face withdrawal delays — up to 48 hours in most cases, and 72 hours for first-time withdrawals.
This is especially in cases where the Travel Rule doesn’t apply.
About the regulations, Turkish Finance Minister Mehmet Şimşek said,
“We are taking new steps to prevent the laundering of criminal proceeds obtained from illegal betting and fraud through cryptocurrency transactions. Administrative, legal, and financial sanctions will be imposed on non-compliant platforms.”
Stablecoin transfers face new caps
As part of its sweeping crypto overhaul, Turkey is introducing firm caps on stablecoin transactions to curb illicit financial flows linked to fraud and illegal gambling.
Under the proposed framework, users will be restricted to stablecoin transfers of no more than $3,000 per day and $50,000 per month.
Platforms that fully comply with Travel Rule standards — by collecting complete identity details — can offer users double the limit.
A step closer to global crypto norms
Turkey’s efforts will further harmonize its crypto regulations with international benchmarks, notably the EU’s MiCA framework.
The latest proposals build on March reforms rolled out by the Capital Markets Board (CMB), which granted the regulator sweeping authority over crypto asset service providers (CASPs).
Source: Official Gazette
These include strict criteria for platform executives, shareholder transparency, and capital requirements. Exchanges operating in Turkey must now hold at least $4.1 million in capital, while custodians need $13.7 million.
