Turkey to Implement Stricter Crypto Regulations
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Turkey intends to implement stricter regulations on crypto transactions in an effort to combat money laundering and terrorist financing.
These measures, set to take effect on Feb. 25, 2025, will require individuals making transactions over 15,000 Turkish liras (approximately $425) to provide identifying information to crypto service providers. Transactions under this amount will not be subject to the same level of scrutiny.
Additionally, crypto service providers will be required to collect user information for any wallet addresses that have not been previously registered.
These measures are aimed at preventing the misuse of digital currencies for criminal activities.
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