Turkey is preparing to impose strict regulations on crypto transactions to combat money laundering and financial crime, according to information obtained by the state-run Anadolu Agency (AA).
Under the proposed measures, a cryptographic platform will be required to gather detailed information about the origin and purpose of all transfers. In its report on Tuesday, the AA said users should provide a transaction description of at least 20 characters per transfer.
In addition to the transaction description, a platform is required to apply retention periods to cryptographic withdrawals if travel rules do not apply. These include 48 hours delays for most withdrawals and 72 hours delays for the first withdrawal from the account.
Regulations are part of a broader crackdown by the Treasury Department, accelerating surveillance of crypto asset service providers (CASPs).
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Daily and monthly limits for Stablecoin transfers
According to the report, the ministry will also introduce daily and monthly restrictions on silly remittances, particularly to prevent the rapid flow of illegal funds from crimes such as illegal bets and fraud. Users are limited to $3,000 per day and $50,000 per month.
Platforms that fully comply with travel regulations obligations, including the collection of full sender and recipient identity details, are permitted to apply these restrictions at a double threshold.
The Ministry of Finance and Minister of Finance Mehmet Simshek told AA the goal was to curb criminal misuse without suppressing legitimate activities. “There will be left-wing space for legitimate cryptocurrency activities,” he said.
“In addition to administrative sanctions, various legal and financial sanctions, including refusal to license or cancel, could be imposed on platforms that do not comply with the new regulations,” Chiimshek said.
In particular, transfers related to liquidity provision, market production, and arbitration (where users can prove funding sources) are exempt from restrictions if monitored under the liability of the relevant platform.
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Turkey adjusts crypto rules to global standards
The recently proposed rules mark one of the most comprehensive steps in Turkey to align crypto regulations with international standards, including frameworks such as the Crypto Union Market (MICA) framework.
In March, the Turkish Capital Markets Committee (CMB) introduced licensing and operating rules to CASPS. The framework grants the full CMB authority over crypto exchanges, wallet providers and custodians, and aligns national surveillance with global regulatory standards.
The rules set strict requirements for establishing a CASP in Türkiye. This includes management background, shareholder structure, and minimum capital threshold criteria. The crypto exchange must have at least $4.1 million in capital, while the custodian needs $13.7 million.
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