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This news that Turkey issued a few moments ago surprised me!
Turkey has passed a law requiring cryptocurrency users who make transactions of more than $425 to provide identification data for these transactions.
What is the purpose of this law, I wonder?! Especially since the law is binding on those who make small transactions of $500, for example. Frankly, I do not understand the backstage of this decision, so whoever can explain the objectives of this law and why it was enacted, please write an explanation in the comments.
#Turkey
#crypto
Turkey has passed a law requiring cryptocurrency users who make transactions of more than $425 to provide identification data for these transactions.
What is the purpose of this law, I wonder?! Especially since the law is binding on those who make small transactions of $500, for example. Frankly, I do not understand the backstage of this decision, so whoever can explain the objectives of this law and why it was enacted, please write an explanation in the comments.
#Turkey
#crypto
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