Turkey Imposes Stringent Crypto Regulations with Transfer Limits and AML Rules

Turkey has escalated its regulatory oversight of cryptocurrency transactions through sweeping new measures aimed at curbing illicit activities. The Financial Crime Investigation Board (MASAK) introduced transfer limits, mandatory waiting periods, and enhanced anti-money laundering (AML) requirements under Law No. 5549.

Key provisions include a 48-hour delay for crypto transfers, 72-hour holds on first-time withdrawals, and transaction limits of $3,000 per transfer and $50,000 daily. Crypto Asset Service Providers (CASPs) must now implement rigorous identity verification, 20-character transaction explanations, and independent AML audits.

The regulations mark Turkey's most aggressive MOVE yet to bring crypto transactions under traditional financial surveillance frameworks. While promoting transparency, the rules may significantly impact trading velocity and platform operations in the Turkish market.