Turkey has announced regulatory changes for cryptocurrencies, prompting Binance TR to introduce new requirements for users making crypto deposits and withdrawals. These measures, effective from February 25, 2025, aim to enhance anti-money laundering efforts and combat terrorism financing. Transactions involving amounts of 15,000 Turkish Lira or more will require enhanced identity verification, with exchanges needing to confirm the sender's identity. Recipient details will also be recorded but not verified. Binance TR will collect additional information for crypto transfers utilizing the Ministry of Interior's Identity Sharing System. Compliance officers must be appointed and existing users must have their identities verified within a month. These changes reflect the growing emphasis on security and compliance in the crypto market.



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