Turkey is stepping up its cryptocurrency regulation game with new legislation set to take effect on February 25, 2025. Inspired by global regulatory trends, the new rules require users making transactions over 15,000 Turkish liras ($425) to provide identifying information to crypto service providers. This move aims to combat money laundering and terrorism financing. If providers can't verify sender details, transactions may be flagged as "risky" and potentially halted. Turkey, a major crypto market, is also considering a small transaction tax to support the national budget.