Turkey Shifts Crypto Policy Again: More Control, Less Freedom?
After a wave of optimism in 2023–2024 when 47 crypto companies moved into the country, Turkey is once again tightening its crypto regulations.
Finance Minister Mehmet Şimşek has announced new rules for exchanges, stablecoins, and withdrawals, aiming to combat fraud and money laundering.
🧾 What's changing?
📊 Stablecoins under pressure:
New user limits: $3,000 per day or $50,000 per month.
Registered exchanges may double these limits.
🧾 Increased oversight for exchanges:
Mandatory transaction documentation,
Strict KYC policies,
Continuous government supervision.
⏳ Withdrawal delays:
Users may now wait 48–72 hours after a withdrawal request.
📉 What does it mean?
Turkey is one of the top 5 countries globally in crypto adoption (~30% of the population).
📉 But overregulation is already driving companies out — major players like Coinbase have exited the market.
⚖️ Authorities are trying to balance control and growth, but frequent rule changes are creating uncertainty.
📢 Bottom line:
Turkey aims to build a transparent crypto ecosystem, but risks strangling it with bureaucracy and inconsistency.
❓Can Turkey become a model of smart regulation — or will it push innovation abroad?
Share your thoughts in the comments 👇
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