Turkey has announced new regulations for cryptocurrencies, in line with international regulatory patterns, particularly Europe’s upcoming Markets in Crypto-Assets (MiCA) framework.
The regulations, published in the Official Gazette of the Republic of Turkey on December 25, require users to disclose their personal information for transactions over 15,000 Turkish lira ($425).
This is a measure against money laundering and the financing of terrorism through cryptocurrencies. Crypto service providers in Turkey are obligated to comply with stricter identification procedures for customers, but only for transactions above the $425 limit.
For smaller transactions, there is no requirement to obtain this information. As of February 25, 2025, providers are also required to verify the identity of users transferring funds from previously unregistered wallet addresses.
