Turkey is set to introduce new cryptocurrency regulatory legislation, planned to officially take effect on February 25, 2025. This new regulation is inspired by the proactive regulatory developments in regions like Europe and aims to strengthen anti-money laundering (AML) measures.

According to the new regulation, users conducting transactions exceeding 15,000 Turkish Lira (approximately $425) are required to provide identity information to cryptocurrency service providers. This initiative aims to prevent money laundering and the financing of terrorism through cryptocurrencies.

Turkey's regulatory move reflects the growing global emphasis on regulating the cryptocurrency market.🌍🔍