Deep Tide TechFlow News, December 25, according to a report by Cointelegraph, based on a document released today by the official gazette of the Republic of Turkey, under the new regulations, users with transaction amounts exceeding 15,000 Turkish Lira (approximately 425 USD) must share their identity information with cryptocurrency service providers in the country. The new regulations aim to prevent the laundering of illegal funds and the financing of terrorism through cryptocurrency transactions.
However, cryptocurrency service providers are not required to collect information on digital asset transfers below the 425 USD threshold. The new regulations will take effect on February 25, 2025.