According to Foresight News and a report by Cointelegraph, a document released today in the official gazette of the Republic of Turkey states that under the new regulations, users with transaction amounts exceeding 15,000 Turkish lira (approximately $425) must share their identity information with the country's cryptocurrency service providers. The new regulations aim to prevent the laundering of illegal funds and the financing of terrorism through cryptocurrency transactions.
However, cryptocurrency service providers are not required to collect transfer information for digital assets below the threshold of $425. The new regulations will take effect on February 25, 2025.