The Ministry of Treasury and Finance of Turkey announced new stringent measures to regulate digital asset transactions and combat money laundering.
The regulations include a requirement for a 20-character transfer note for all crypto transactions and impose a 48-72 hour withdrawal delay for platforms that do not comply.
Daily and monthly limits on stablecoin transactions have been set at $3000 and $50,000, respectively.
Turkey has granted its Capital Markets Board complete control over crypto asset service providers, aiming to tighten oversight of the rapidly growing crypto market.