TechFlow news, on December 25, according to Cointelegraph, a document released today in the Official Gazette of the Republic of Turkey states that under new regulations, users conducting transactions exceeding 15,000 Turkish lira (approximately USD 425) must provide their identity information to cryptocurrency service providers in the country. The new rules aim to prevent illicit funds from being laundered and terrorism financed through cryptocurrency transactions.
However, cryptocurrency service providers are not required to collect information on digital asset transfers below the USD 425 threshold. The new regulations will take effect on February 25, 2025.
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