TechFlow, June 24 — According to Cointelegraph, Turkey's Ministry of Treasury plans to implement stricter cryptocurrency regulations to combat money laundering and financial crimes. The new rules require crypto platforms to collect information on the source and purpose of each transfer, and users must provide a transaction description of at least 20 characters. In addition, most withdrawals will be subject to a 48-hour delay, while first-time withdrawals will require a 72-hour waiting period.
The new regulations will also impose limits on stablecoin transfers: ordinary users will have a daily limit of $3,000 and a monthly limit of $50,000; platforms that fully comply with the "Travel Rule" will enjoy double these limits. Transfers related to liquidity provision, market making, and arbitrage may be exempt from these restrictions under platform monitoring.
