🇹🇷 Turkey is preparing to issue a new set of strict regulations to combat money laundering and closely monitor domestic crypto activities

– According to a statement from the Ministry of Finance, all crypto transactions are required to have a note of at least "20 characters"

– Exchanges that do not comply will face a waiting period of "72 hours" before being able to withdraw funds

– Stablecoin transactions will be limited to "3,000 USD per day" and "50,000 USD per month"

– The Ministry of Finance stated that the regulations aim to balance between "legal activities" and "anti-money laundering" despite still lacking detailed guidance

– The Turkish lira has depreciated by more than 20% in the past year, causing people to flock to crypto as a risk prevention measure