đ **Turkeyâs Cash Cap: Crypto Unfazed!** đ
- Turkeyâs considering a ban on cash transactions over 7,000 liras ($205).
- Payments above $205 must go through banks or financial institutions.
- Violators face a 10% fine, minimum 5,000 liras ($147).
**Crypto Impact?**
- Minimal! Turkey already banned crypto payments in April 2021.
- Lawyers and experts agree: no direct impact on crypto.
**Why the Change?**
- To boost tax revenues and transparency post-money laundering âgray listâ removal.
- Turkeyâs also introduced a 0.03% tax on crypto transactions and new licensing for crypto firms.
Stay tuned for more updates! đž