Turkey’s MASAK to Gain Sweeping Powers Over Crypto, Including Freezing Accounts and Blacklisting Wallets

Reading Time: < 1 minute

In a significant regulatory shift, Turkey is preparing to equip its financial crime unit, MASAK, with sweeping new powers over the cryptocurrency ecosystem.

According to a Bloomberg report, a new bill would allow MASAK to freeze crypto accounts, blacklist specific wallets, and impose transaction limits as part of an enhanced Anti-Money Laundering (AML) drive.

This would place crypto platforms on par with traditional banks and payment institutions under MASAK’s jurisdiction, signaling a major step in the formal oversight of Turkey’s digital asset market.