Turkey is set to implement stringent crypto regulations by February 2025 as part of their effort to tighten anti-money laundering (AML) frameworks to align with global standards. Under the new rule, Turkish crypto service providers will be required to collect identifying information from users who execute transactions worth more than 15,000 Turkish lira (approximately $425). This measure aims to curb money laundering and terrorist financing through digital assets. The regulations arrive at a time of heightened scrutiny over the crypto sector, driven by Turkey’s growing prominence in global cryptocurrency markets. Are global powers afraid of Cryptocurrencies ?
