ChainCatcher news, according to Cointelegraph, Turkey launched new cryptocurrency regulatory legislation in the last week of 2024, inspired by the active regulatory developments in major jurisdictions around the world, including Europe.

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

This new Anti-Money Laundering (AML) regulation aims to prevent money laundering and the financing of terrorism through cryptocurrency transactions.