Crypto Regulation: Turkish Authorities Announce New Stringent Regime – Details

Key Points

1. Turkey's MASAK issued new guidelines on June 28, 2025, focusing on preventing money laundering and increasing transparency in crypto transactions.

2. First-time withdrawals from local exchanges now require a 72-hour hold, while subsequent withdrawals may have shorter holds to detect suspicious activity.

3. New transfer caps limit individuals to moving no more than $10,000 worth of crypto per month, applicable only to Bitcoin and Ethereum.

4. Exchanges must store 95% of user assets with approved custodians, with only 5% allowed to remain on exchanges to prevent collapses like FTX and Thodex.

5. The regulations aim to boost investor protection but are seen as a negative development for short-term traders due to increased restrictions.