BlockBeats news, on December 25, according to Cointelegraph, Turkey will launch new cryptocurrency regulatory legislation in the last week of 2024, inspired by the proactive regulatory developments in major jurisdictions around the world, including Europe.
According to the released document, the new regulations require users conducting transactions over 15,000 Turkish Lira (approximately $425) to provide their identity information to the country's cryptocurrency service providers.
This new anti-money laundering (AML) regulation aims to prevent money laundering and the financing of terrorist activities through cryptocurrency transactions.