Turkey has implemented new regulations for cryptocurrency exchanges, requiring them to constantly monitor transactions and customers. Controls on cryptocurrency transfers have also been increased, with exchanges needing to verify identities for transactions exceeding 15 thousand Turkish Lira. Comprehensive identity verification, including name, surname, trade registry information, wallet address, and citizenship or passport number, is now mandatory for transfers exceeding this threshold. Exchanges that cannot confirm sender information may categorize the transfer as risky and return it. The new regulations aim to prevent money laundering and terrorist financing and will come into effect on February 25, 2025, in an effort to increase transparency and security in the cryptocurrency market.



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