Turkey Implements Stringent Crypto Transaction Monitoring Requirements

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The Turkish government is introducing enhanced regulatory measures for cryptocurrency transactions to strengthen anti-money laundering (AML) controls.

According to an Anadolu Agency report, the new framework will mandate crypto platforms to collect comprehensive transfer details, including source of funds and purpose declarations.

Key provisions include:

• Mandatory 20-character transaction descriptions for all transfers
• Withdrawal holding periods (48 hours standard, 72 hours for initial withdrawals)
• Strict stablecoin transfer limits ($3,000 daily/$50,000 monthly)

The Treasury and Finance Ministry is expanding oversight of crypto asset service providers as part of its comprehensive financial crime prevention strategy, particularly targeting illicit activities in online gambling and fraudulent schemes.