Turkey Slaps Strict New Crypto Oversight: Mandatory Source Checks,
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Turkey
Turkey’s new crypto rules seek to tame digital wildness, but in doing so, risk taming away the very qualities that drew users to crypto: freedom from central control and the promise of a truly open financial frontier.
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Hassan Shittu
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Hassan Shittu
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Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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Last updated:
June 24, 2025
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Turkey’s Ministry of Treasury and Finance is tightening regulations on crypto asset service providers in a bid to clamp down on illicit financial activities. According to the Ministry, digital asset platforms must now collect and verify more detailed information about user transactions.
This information includes obtaining a written explanation of at least 20 characters describing the purpose of each transfer, along with verifying the origin of funds involved.
Per AA, the government believes this measure will enhance transparency and help identify suspicious activity earlier in the transaction process.
Turkey Impose Withdrawal Restrictions to Disrupt Illicit Flows.
In a major shift, the new regulation imposes a delay on crypto asset withdrawals. Any crypto purchased, exchanged, or deposited will be subject to a 48-hour waiting period before it can be withdrawn.
For new users making their first withdrawal, the waiting period will extend to a...
https://cryptonews.com/news/turkey-slaps-strict-new-crypto-oversight-mandatory-source-checks-3k-daily-stablecoin-limit/
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