💥 Urgent from Ankara 🇹🇷 | A major regulatory step in the crypto world $BTC
📜 Turkey plans to grant “MASAK” the authority to freeze crypto accounts as part of its efforts to combat money laundering.
🧩 The Turkish government is currently working on new legislation that grants the Financial Crimes Investigation Board (MASAK) expanded powers to freeze crypto accounts suspected of being linked to illegal activities, as part of its efforts to implement the standards of the Financial Action Task Force (FATF).
✨ Key proposed measures:
🔸 Setting daily and monthly limits on transfers using stablecoins.
🔸 Delaying withdrawals of digital assets in the absence of sufficient information about the sender and recipient.
🔸 Requiring trading platforms to collect accurate user data and verify the sources of funds.
⚖️ This step represents an important tightening of oversight from the Turkish side, and it may lead to increased regulatory costs for local platforms, which could push some users toward decentralized systems (DeFi) or wallets that are difficult to trace.
💬 Observers believe that these moves come in the context of Turkey's efforts to achieve a better international rating in combating money laundering and attracting safer institutional investments in the digital currency space.