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Türkiye Introduces New Cryptocurrency Regulations, Requires ID for Transactions Over 15,000 Lira

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AI Summary

Türkiye has introduced new rules requiring identity information for cryptocurrency transactions over 15,000 lira in an effort to combat money laundering and terrorism financing.

According to BlockBeats, Turkey introduced new cryptocurrency regulatory legislation in the last week of 2024. The new regulations require users who make transactions exceeding 15,000 Turkish lira (about $425) to provide identity information to cryptocurrency service providers.
The new Anti-Money Laundering (AML) regulations are designed to prevent money laundering and terrorist financing through cryptocurrency transactions.

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Türkiye Introduces New Cryptocurrency Regulations, Requires ID for Transactions Over 15,000 Lira

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