Turkey announced new cryptocurrency regulations in December 2024. According to documents published in the Official Gazette, users will be required to share their identity information with crypto service providers for transactions exceeding 15,000 TL.

- Anti-Money Laundering (AML) regulations aim to prevent illicit funds laundering and the financing of terrorism.

- There is no requirement to collect information for transactions under $425.

- The new rules will come into effect on February 25, 2025 and target "risky" transactions.

- Turkey will be the world's fourth largest crypto market by 2023.