Turkey Intensifies Crypto asset Regulations as Turkish Lira Keeps Losing Value
The Turkish Ministry of Treasury and Finance, headed by Mehmet Şimşek, has unveiled a set of rigorous new measures designed to combat money laundering and improve the compliance of digital asset transactions.
In a statement made on June 25, 2025, it was declared that, “The Ministry plans to enact further actions and will insist on strict monitoring and oversight of transactions conducted by Digital currency Service Providers (CSAs).”
Importantly, this fresh regulatory initiative is unfolding against the backdrop of rising crypto utilization, spurred by the substantial devaluation of the Turkish lira—approximately 20% over the past year—and an uptick in illicit activities within the digital asset domain.
Turkey’s recent crypto “reforms” require 20-character transfer notes, impose 48–72 hour delays for withdrawals, and limit the use of stablecoins.
Innovation falters under a heavy surveillance approach.
While oversight is crucial, stifling liquidity does not equate to regulation — it’s…
— AhmetAytac (@ahmetaytacvtx) June 25, 2025
As per the new regulations, all crypto asset transactions within Turkey are now mandated to include a minimum transfer note of 20 characters. Platforms that do not adhere to these updated guidelines will face a compulsory 72-hour delay on all user withdrawals.
Additionally, new daily and monthly limits have been set for stablecoin transactions, restricting users to $3000 daily and $50,000 monthly.
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Capital Markets Board in Turkey Assumes Full Authority Over Digital Assets
Turkey has granted its Capital Markets Board (CMB) total control over cryptocurrency service providers (CASPs) in a bid to manage its rapidly expanding market.
On March 13, 2025, the CMB released two regulatory documents regarding ‘Establishment and Operating Principles of Crypto asset Service Providers’ and ‘Working Procedures and Principles of Crypto asset Service Providers and Capital Adequacy. ’
These licensing and operational frameworks for CASPs, which encompass crypto exchanges, custodians, and crypto wallet service providers, allow them to continue operations within the country.
The newly established framework necessitates strict crypto law with both domestic and international regulations.
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Key Points
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The recent regulatory initiative in Turkey is emerging alongside an increase in crypto adoption fueled by the significant devaluation of the Turkish lira and the rise in illegal financial activities within the digital asset sector.
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Crypto exchanges and service providers in Turkey will likely face increased regulation costs. Platforms need to establish new systems to meet transfer note requirements and oversee transaction caps.
The article Turkey Tightens Crypto Regulations As Turkish Lira Continues To Depreciate originally appeared on 99Bitcoins.
