Turkey introduced new cryptocurrency regulations in the last week of 2024, inspired by positive regulatory developments in major jurisdictions such as Europe. According to the document published in the Official Gazette on December 25, users will be required to share their identity information for transactions over 15,000 Turkish lira ($425). The regulation aims to prevent money laundering and terrorist financing. However, there is no obligation to collect information for transfers under $425. Turkey’s move comes a week before Europe’s Markets in Cryptoassets (MiCA) law comes into effect. We welcome your comments.