🚀 **Turkey’s Cash Cap: Crypto Unfazed!** 🚀

- Turkey’s 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 “gray list” removal.

- Turkey’s also introduced a 0.03% tax on crypto transactions and new licensing for crypto firms.

Stay tuned for more updates! 💸