CoinVoice has learned that, according to Cointelegraph, Turkey is launching new cryptocurrency regulatory legislation in the last week of 2024, inspired by the proactive regulatory developments in major jurisdictions around the world, including Europe.

According to the released documents, the new regulations require users conducting transactions exceeding 15,000 Turkish Lira (approximately 425 USD) to provide their identity information to cryptocurrency service providers in the country.

This new anti-money laundering (AML) regulation aims to prevent money laundering and the financing of terrorism through cryptocurrency transactions, and the regulation will come into effect on February 25, 2025. [Original link]