-Turkey's Stricter AML Cryptocurrency Rules - What Does It Mean for Yo

ur Assets? Turkey has introduced stricter #cryptocurrency rules requiring identity verification for transactions over 15,000 liras.
Global cryptocurrency regulations are gaining momentum, with Turkey joining the US and European initiatives.
No wonder Turkey is taking bold steps to strengthen its presence in the global cryptocurrency landscape.
According to Chainalysis, Turkey was recently recognized as the 12th largest cryptocurrency market in the world.
Turkey's new policy aims to create a strong and modern cryptocurrency ecosystem, taking inspiration from European regulations.
Published in the Official Gazette of the Republic of Turkey on December 25. According to the document, the country will tighten supervision over cryptocurrency transactions under a new regulatory framework.
From February 2025, individuals making transactions worth more than 15,000 Turkish liras (about 425 U. S. dollars) will be required to provide identification information to cryptocurrency service providers.
These measures are aimed at increasing transparency and reducing risks associated with illegal activities such as money laundering and terrorist financing.
Why did Turkey decide to take this step? Turkey's regulatory initiative comes at a time of growing global interest in regulation.
This move comes ahead of the introduction of Europe's pioneering Markets in Cryptoassets (MiCA) regime. As the first comprehensive regulatory framework for #cryptocurrencies , MiCA is designed to set the standard for balancing innovation and investor protection.
What does this mean for your cryptoassets?
otably, the country's latest move allows providers to classify transactions as "risky" and restrict them if there is insufficient information.

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The Frax Finance community has voted to accept BlackRock's BUIDL as the contingent asset for the proposed Frax USD (frxUSD) stablecoin, with voting open until January 1, 2025.

The #Frax financial community is wondering whether to adopt #BlackRock Institutional's USD Digital Liquidity Fund (BUIDL) as the back-up asset for the proposed Frax USD (frxUSD) stablecoin. BUIDL), and has launched an important voting process to decide whether to accept it.
The voting process, which began on December 26, 2024, will be open until January 1, 2025. So far, all Decentralized Finance (DeFi) Lending Protocol (FXS) token holders have voted in favor.
According to the voting summary, BlackRock's BUIDL as a backup asset for Frax USD Acceptance could bring several benefits. These include creating revenue opportunities, increasing liquidity, improving transfer options and reducing counterparty risk with the support of BlackRock.
Originally introduced by Securitize, a real asset tokenization platform, this service is an institutional
This proposal has received significant support from the Frax Finance community. In a discussion on December 22, a user with the nickname achaffee user with the nickname RWA, highlighted the potential for tokenized real-world assets (RWAs) to bridge the gap between traditional finance and #DeFi .
achaffee noted that RWAs are a great bridge because they allow institutional-level investments to be included on the #blockchain . He stated. This view is shared by others in the community, who believe that BlackRock's BUIDL integration could be an important evolution in how decentralized players manage their financial resources.
BlackRock's BUIDL fund will launch on March 15, 2024. Less than four months after the launch, which will take place on March 15, 2024, the fund has more than $500 million in assets under management, is pegged 1:1 to the USD and pays daily accrued dividends directly to investors thanks to a partnership with Securitisation The fund

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IN THIS ARTICLE: Elon Musk's Department of Government Efficiency (D.O.G.E.) wants to cut $2 trillion in federal spending, but it's an impossible plan that could hurt the U.S. economy

Although D. O. G. E. is pushing for massive job cuts, agency closures and deregulation, the majority of federal spending remains intact, leaving little room for real savings.
Aaron's opposition to a bipartisan spending agreement nearly led to government shutdowns, but his influence could lead to further fiscal problems under the Trump administration.
the CEO of #Tesla billionaire #Elon Musk, along with Vivek Ramaswamy, has been named to lead the newly created Department of Government Efficiency (D. O. G. E. ) under the administration of "crypto-president" Donald Trump.
the goal is to reduce federal government spending by $2 trillion. The goal is. That's roughly in line with the projected U. S. budget deficit in 2024. The problem, however, is that this project could fail. The new D. O. G. E. line code. - isn't even a real government department. It's an advisory body. Nothing can be implemented without Congress or Trump's signature. However, Elon's name carries weight. His involvement alone has made this more than just a theoretical exercise.
The plan is aggressive, with mass layoffs, the elimination of departments and agencies, and reduced regulation. President Trump and his allies have welcomed it, but skeptics are sounding the alarm about the potential consequences.
Eron and Vivek plan to cut government staff by 75%. If the D. O. G. E. initiative goes through, three-quarters of federal employees will be on entry-level pay.
But how realistic is that? Not very, experts say. That's because about 75% of the federal budget is mandatory spending. Programs such as Social Security and Medicare cannot be touched, so as not to cause a massive political reaction. In other words, only discretionary spending (about $1.7 trillion) will be subject to cuts. Half of that is defense spending, which Trump and his allies are unlikely to touch.

He overestimated his budget and called it wasteful.

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There were significant outflows from Bitcoin Spot ETFs with net losses of $227 million on December 23, reflecting increased investor caution. In contrast, the Ethereum ETF posted a net gain of US$131 million on December 23, a significant inflow reflecting institutional investors' growing acceptance of and confidence in Ethereum. Contrasting trends in

ETF flows are that #bitcoin the cryptocurrency market has recently seen contrasting trends in the performance of Bitcoin (BTC) and #Ethereum (ETH) exchange-traded funds (ETFs). While the Bitcoin spot #ETF experienced significant outflows, the Ethereum ETF saw significant inflows, indicating a shift in investor sentiment and market dynamics.
the Bitcoin spot ETF experienced significant outflows and recorded a net loss of $200 million on December 23.27 million, recording a net loss of $27 million. This was the third consecutive day of outflows from the BTC Spot ETF, reflecting growing caution among investors.
Despite this decline, the total net asset value of the Bitcoin Spot ETF remains large at $105,084 million, underscoring its enduring importance in crypto investing. The continued outflows indicate a shift in investor sentiment, likely influenced by broader market trends and profit taking.
Fidelity's FBTC, in particular, experienced the largest outflow, losing about $145.97 million in a single day. Other major bitcoin ETFs, such as GBTC from Grayscale and BTCO from Invesco, also recorded significant outflows.
In contrast to bitcoin, the Ethereum ETF recorded significant inflows, posting a net gain of $131 million on Dec. 23. This positive trend was led by BlackRock's ETHA, which recorded a net inflow of $89.51 million, followed by Fidelity's FETH with $46.37 million. The inflows into ethereum ETFs reflect the recognition of ethereum as an important player in cryptoinvestment portfolios.
Bitcoin and Ethereum ETF flows are diverging, emphasizing the contrasting investment models of the two major cryptocurrencies. While bitcoin is undergoing a period of consolidation, Ethereum continues to attract investor interest due to its expanding applications and technological advances.

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MicroStrategy shares fell more than 14% amid volatility over concerns about inclusion in the S&P 500: here's what happened

Shares of Michael Saylor's #MicroStrategy Inc. MSTR have fallen over the past five sessions amid concerns over barriers to inclusion in the S&P 500 and #bitcoin . The company's shares have fallen over the past five sessions amid heightened volatility due to a drop in the price of the BTC/USD coin
What Happened: MicroStrategy meets S&P 500 requirements for market capitalization and trading volume, but does not meet the criteria for revenue, according to Benchmark. Benchmark, according to a report on Investing. com.
To qualify for the S&P 500 list, a company must be profitable in the most recent quarter. In addition, according to the listing criteria, the company must also be profitable for the last four quarters.
the company also faces the challenge of not being able to include its bitcoin assets in its financial statements. According to Benchmark analyst Mark Palmer, MicroStrategy is poised to adopt the Financial Accounting Standards Board's new guidance on bitcoin accounting in Q1 2025.
This change is expected to immediately boost the company's revenue and potentially bring it into compliance with the S&P 500's inclusion criteria.
This criteria will allow MicroStrategy to significantly expand its investor base. This includes institutional investors and index funds tied to the S&P 500 index, which could increase demand for the company's stock.
Why it matters: According to Benzinga #Pro , MicroStrategy's stock price has fallen 14.44% over the past five sessions. On Friday, it fell and closed at $364.20.As a backdrop, bitcoin has fallen 9.95% over the past five days to $93,912.90. The iShares Bitcoin Trust #ETF IBIT has fallen 4.32% over the same period. LINE_. BREAK MicroStrategy now controls about 2.1% of the total bitcoin supply.

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Article in this post:The Bitcoin Policy Institute has drafted an executive order on bitcoin strategic reserves for President Trump.

The order aims to increase the diversity of assets held in the SBR to safeguard the national economy. LINE_. BREAK Strategic #bitcoin reserves are subject to regular audits and meet strict security standards to ensure accountability and safety.
December 18, the Bitcoin Policy Institute urged the Trump administration to include bitcoin as a strategic reserve asset in drafting an executive order to include bitcoin as a strategic reserve asset. The executive order will take effect immediately after Donald Trump signs it on his first day in office.
The executive order outlines the potential consequences of such inclusion and emphasizes the strategic importance of bitcoin in the national reserve. The draft suggests that recognizing #BTC as a strategic asset will enhance the nation's financial stability and security.
while the executive order is signed, a strategic bitcoin reserve in the U. S. will become a reality.
The executive order supports global economic stability and leadership. The Executive Order reaffirms the importance of adapting U. S. financial strategy to ensure that the Executive Order also recognizes that BTC is a decentralized asset with limited value, similar to digital gold. The Institute believes that BTC's unique characteristics can strengthen the stability of the U. S. dollar and support U. S. economic interests.
the Executive Order confirms that BTC is a suitable asset for strategic acquisition within the Treasury's Exchange Stabilization Fund (ESF). It also confirms that Bitcoin can create a strategic Bitcoin reserve and become a permanent national asset for the benefit of all Americans.
Executive Order affirms that in order to grow the U. S. economy and strengthen U. S.
The Executive Order also emphasizes that the U. S.
This is good for the U. S.

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Why Polygon (POL) prices are collapsing In addition to the direct reaction of the community

, other decentralized financial protocols have already started to act in response to Polygon's bridge proposal. For example, Mark "Billy" Zoeller, founder of AaveDAO, offered to launch #Aave four days later as a direct response.
Zoeller stated that "Polygon represents 1.5% of Aave DAO's revenue" and that the risk of $1 billion in bad debt was not worth it. He believed it was worth it. This argument was made in a post by Ignace, who explained that it would be a significant loss for #Polygon . If @lemiscate [(Marc "Billy" Zeller)]'s proposal passes, LTV will be set at 0% (effectively a cessation of operations), Polygon's numerous Aave V3 asset reserves will be frozen, and even the management team will leave Polygon. That's what [L] Polygon is.
Notably, Polygon's native tokens are trading at $0.594, down 38.65% YTD, despite the cryptocurrency being in a bull market. Moreover, POL (formerly MATIC) trading volumes have dropped significantly since late September, suggesting a lack of investor interest.
Meanwhile, AAVE is up nearly 120% over the past 30 days, as reported by Finbold, and could be bullish for the rest of the year. LINE_. BREAK Now traders and investors are speculating on the implications of Polygon's proposal to grow #DeFi crop with bridge reserve. In addition, Abe's response could have a significant impact on POL demand and utility and affect market prices.
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The number of small bitcoin wallets is expected to increase by 9% as investors continue to accumulate funds beyond the $100,000 mark

As small investors continue to accumulate funds despite the #bitcoin price crossing the $100,000 mark, the number of bitcoin wallets worth less than 1 #BTC is expected to increase by around 9%.
According to Axel Adler, crypto analyst and CryptoQuant contributor, this trend reflects the growing confidence of retail investors.
spite of being called 'shrimpers,' these holders continue to accumulate coins even at current prices, demonstrating their confidence in bitcoin's growth, Adler said in a December 14 post on X's website.
Shrimp wallets, which hold less than 1 BTC each, are considered an important indicator of retail investors' interest in bitcoin. According to Adler, there are currently 323,000 Shrimp addresses, and that number is about to increase by 8,000. Adler noted that the growth of Shrimp wallets began when bitcoin was at $61,000 and the number of addresses at that time was 265,000.
Holding less than 1 BTC The average number of addresses is currently 323,000 (BTC price: USD 101,000).
This growth started when BTC was worth USD 61K and the number of addresses at that time was 265,000. Since then, the number of addresses has increased by 21.9%.
Since then, the number of Shrimp addresses has increased by 21.9%, indicating the active participation of retail investors during the Bitcoin price rise.
According to CoinMarketCap, bit
While small investors continue to accumulate funds, large long-term holders (those who have owned bitcoin for more than 155 days) are getting rid of their assets.
Some analysts believe that the recent sell-off of long-term holders could signal a market ceiling and that weakening buyer demand could lead to bearish sentiment.

They point to profit taking and reduced selling pressure as signs of a more gradual future.

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-historic 711340000 Bitcoin (BTC) Positions Have Been Liqui

dated To Surpass 93,000 In Historic Rally - Daily Hodl Bitcoin (BTC) broke the $993,000 mark for the first time in its history on Wednesday and liquidated more than 700 million traders in the process.
According to crypto exchange data aggregator Coinglass, positions worth 711,340000 bitcoins were liquidated in the past 24 hours, while short #BTC positions suffered the most losses. Binance, the world's largest exchange, accounted for the most liquidations, followed by OKX and Bybit.
#Bitcoin has since corrected and at the time of writing is trading at 9,592,462, up 5.5% in the last 24 hours and 24% in the last week.
Some traders and analysts are predicting BTC targets as the flagship #cryptocurrency enters an apparent price rally. An analyst with the nickname Dave The Wave told his 147,000 followers on social media platform X that bitcoin is in the midst of a surge, having passed the $100,000 mark and "entering the final stage of a parabolic jump" that will end near the $130,000 level.
The technical challenges of BTC and the possible direction of the parabola...
Robert Kiyosaki, author of "Rich Dad, Poor Dad, recently revealed his plans to continue accumulating bitcoin until it exceeds 10 million pounds.
On social media platform X, Kiyosaki said that the $100,000 price point is a good place to stop saving because "now is not the time to be greedy.
Pigs get killed. Don't be a pig.
Arthur Hayes, founder of #BitMEX , said that the administration of incoming President Donald Trump will have a huge impact on quantitative easing (QE) and a weaker dollar, which could raise BTC to 1,100 million.
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Petr Fiala, Czech Prime Minister, said that the country is trying to pass a law allowing residents not to pay taxes when selling cryptocurrencies that have been stored for more than three years.

X Fiala said in a 12.06 X Fiala report that the measure, backed by MP Jiri Havranek, ensures that if you hold #cryptocurrency for more than 3 years, the sale will be exempt from capital gains tax. In addition, taxpayers are not required to report transactions of less than 100,000 crowns per year (about 44,200 at the time of publication).
This means, for example, buying coffee with bitcoins [... This is no longer taxable, Fiala said.
Czech MP Jan Skopeček said that the Chamber of Deputies approved the time and cost conditions for the adoption of the law after the reading on 12/6.
At a press conference after the parliamentary session, a spokesman said that the tax reform should be implemented within the framework of the European regulatory framework Market for Cryptoassets (MiCA).
We have taken an important step today to ensure that crypto-business in the Czech Republic can function and grow, the translated statement from the spokesperson reads, In many countries, trading or selling #cryptocurrencies often requires users to report their transactions to local tax authorities and collect a capital gains tax. In the United States, this tax ranges from 15 to 20 percent, depending on the income of cryptocurrency users.
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The double bottom chart pattern makes $0.47 a key breakout level.

Online activity is on the rise: the number of new addresses increased by 102.4% and trading is not stopping.
#Dogecoin [DOGE], forms a convincing double bottom chart pattern, which is often a harbinger of bullish momentum, and is a hot topic of discussion. At the time of publishing, Dogecoin was trading at $0.4043, reflecting a 2.68% drop over the past 24 hours.
However, the recent surge in online activity and strong technical indicators suggest that trader and investor interest is growing and a breakout is imminent.
#DOGE Chart Prediction: Will the $0.47 level be broken?
The double bottom pattern shows a solid support level at $0.37, while the $0.47 resistance line indicates that Dogecoin
So, a break above this resistance will confirm the bullish bias and may lead to a rally above $0.50. Traders are keeping a close eye on this level, and Dogecoin's short-term momentum depends on whether it can break out decisively.
additionally, Dogecoin's on-chain indicators show a sharp increase in online activity. Over the past week, the number of new addresses increased by 102.4% and the number of active addresses increased by 111.32%.
these spikes indicate an influx of new participants into the Dogecoin ecosystem and an increase in activity among existing users.
In addition, the new Zero Balance Addresses, an indicator of wallet creation, increased by a staggering 155.33%, once again confirming Dogecoin's growing popularity. Over the past seven days, an average of 715,859 transactions were made on the network, and the peak was 856,759.
Such stable activity emphasizes the token's usefulness and demand and adds new support to the growing bullish sentiment around Dogecoin.
Moreover, market sentiment seems to support the bullish outlook. Over the past 24 hours, 1.42 million long positions were liquidated compared to 0.

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Highlights. A UK-led investigation has uncovered a cryptocurrency laundering network used by Russian spies and European drug traffickers to circumvent sanctions using cryptocurrencies.

The network, which included Smart and TGR, operated in more than 30 countries and facilitated the exchange of cash for #cryptocurrencies .
According to the Financial Times, a large-scale operation carried out by the UK authorities destroyed a #cryptocurrency laundering network that facilitated Russian espionage and European drug trafficking, as well as allowed sanctioned individuals to circumvent financial regulations using cryptocurrencies.
The investigation, dubbed Operation Destabilize, was led by the UK's National Crime Agency (NCA) and targeted two companies, Smart and TGR, that acted as financial conduits for criminals and sanctioned individuals around the world.
The cryptocurrency laundering network operated in more than 30 countries and provided services to such notorious groups as the Kinahan Cartel, Irish cocaine traffickers involved in violent crime, and Russian agents linked to cyberattacks. The case took place between late 2022 and mid-2023 and demonstrated that criminal organizations and hostile states are increasingly turning to cryptocurrencies as they find it harder to access the traditional banking system.
This case highlights the growing involvement of cryptocurrencies in money laundering, which exceeds £100 billion a year in the UK, with cryptocurrencies accounting for up to £5 billion of that amount. The increased use of cryptocurrencies has contributed to the problem, especially during the COVID-19 pandemic, when global travel restrictions were imposed and moving large amounts of cash was extremely difficult.
In addition to acting against cryptocurrency laundering networks, it also highlights the greater confidence in the growth of pegs, which have become popular with criminals due to their stability.
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Australia's National Financial Intelligence Agency has prioritized cryptocurrencies over the next year and announced new measures to crack down on cryptocurrency banking providers that may be in breach of anti-money laundering laws.

In a statement dated 12/6 Brendan Thomas, CEO of the Australian Transaction Reporting and Analysis Center (AUSTRAC), said the government agency will shift its focus to the #cryptocurrency industry in 2025.
#Cryptocurrencies and cryptocurrency banks are attractive money laundering methods for criminals because they are widely available and make irreversible transfers almost instantaneously, he added. This is AUSTRAC's first step to reduce the criminal use of cryptocurrencies in Australia. In the coming years, we are focusing on this industry.
According to AUSTRAC, the taskforce will focus on ensuring cryptocurrency #ATM operators meet minimum standards to minimize the risk of transferring illicit funds.
The leading cryptocurrency ATM providers in Australia include Coinflip with 680 ATMs, 465 Localcoins and 75 Cryptolink.
In addition, if you deposit or withdraw cash in excess of 66,500 (AU$10,000), you must report suspicious activity and submit a transaction report with a threshold.
According to Thomas, any transaction that violates the law risks significant monetary penalties.
As the use of cryptocurrencies increases, so does criminal exploitation, so the Task Force will seek to eliminate high-risk transactions that are not compliant, he added. Penalties for money laundering in Australia include imprisonment for up to 12 years and a fine of up to £102,072 (AU$158,400) or both.
If the amount laundered exceeds $644,400 (AU$100 million), it will result in up to 25 years in prison and fines of $214,585 (AU$333,000) or both.
And cryptocurrencies. Coin ATM radar data shows more than 1,302 ATMs in 2022, but only 8 out of 67.
AUSTRAC reported that 400 digital currency exchanges are registered in the country, but only a small number of crypto banks are using them.

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