Crypto Rules in Turkey Target Illicit Transfers and Fraud

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New Crypto Rules in Turkey Target Suspicious Transfers and Fraud

Written by Aaron S.,

Editor-In-Chief

Last Updated: June 24, 2025

Key Takeaways

Turkey plans to require crypto users to declare the source and purpose of each transfer, with a 20-character message;
Withdrawals will face delays, 48 hours for most, 72 hours for first-time users, unless platforms meet full Travel Rule standards;
Stablecoin transfers will be limited to $3,000 daily and $50,000 monthly, but compliant platforms may offer double the limit.

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New Crypto Rules in Turkey Target Suspicious Transfers and Fraud

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Turkey is set to introduce new rules for cryptocurrency platforms aimed at reducing financial crime and preventing illicit money flows.

According to a June 24 report by Anadolu Agency, the planned changes will require crypto companies to collect more detailed information about each transfer.

Users will need to explain the source of the funds and the reason for the transfer. Every transaction must include a short message of at least 20 characters explaining its purpose.

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Another part of the proposal includes delays for certain crypto withdrawals. If the transfer does not meet Travel Rule standards, which involve sharing sender and receiver details, platforms will need to hold the funds for a specified period.

Most withdrawals will be subject to a 48-hour wait, while the first withdrawal from a new account will be delayed for 72 hours.

The Ministry of Treasury and Finance stated that it aims to prevent the use of crypto for illegal activities by setting limits on stablecoin transfers. Daily transfers would be capped at $3,000, with a monthly maximum of $50,000.

However, platforms that meet full Travel Rule requirements, by verifying both the sender and receiver, will be allowed to offer higher limits, up to twice the standard amount.

Meanwhile, Hong Kong’s Customs and Excise Department recently developed a tool for tracking suspicious crypto transactions. What did Assistant Commissioner Mario Wong Ho-yin say about it? Read the full story.