Turkey introduced new cryptocurrency regulations during the final week of 2024

Under the new regime, users executing transactions of more than 15,000 Turkish lira ($425) will be required to share their identifying information with the country’s crypto service providers, according to a Dec. 25 document issued by the Official Gazette of the Republic of Turkey.

The new Anti-Money Laundering (AML) regulation aims to prevent the laundering of illicit funds and terrorism financing through cryptocurrency transactions.

Turkey introduced new cryptocurrency regulations during the final week of 2024

Under the new regime, users executing transactions of more than 15,000 Turkish lira ($425) will be required to share their identifying information with the country’s crypto service providers, according to a Dec. 25 document issued by the Official Gazette of the Republic of Turkey.

The new Anti-Money Laundering (AML) regulation aims to prevent the laundering of illicit funds and terrorism financing through cryptocurrency transactions.

https://cointelegraph.com/news/turkey-new-crypto-regulation-aml-2024