🇹🇷 Turkey tightens crypto rules!
🚨 What’s changing:
• Crypto platforms will soon be required to gather detailed info on where and why each transaction is happening.
• Users must provide transaction descriptions of at least 20 characters.
• New waiting periods: 48 hours for regular withdrawals, 72 hours for a user’s first-ever withdrawal from any account.
• Daily limit of $3,000 and monthly limit of $50,000 on stablecoin transfers.
💬 Why it matters:
• Boosts anti-money laundering efforts, but still supports legitimate crypto use.
• Platforms that don’t comply may face legal or financial penalties—even risk losing their license.
Turkey is working to clamp down on illicit crypto activity, while keeping the door open for honest users. 🔍💼