Turkey is set to introduce comprehensive anti-money laundering regulations that grant its financial crime authority the power to freeze and restrict access to cryptocurrency accounts. These rules mandate stricter identification requirements for crypto transactions, impose limits on stablecoin transfers, and enforce delays on withdrawals to prevent illicit activities. The regulations also introduce hefty capital requirements for crypto firms and propose a small transaction tax, reflecting Turkey's commitment to safeguarding its financial system while managing the evolving crypto landscape.
Continue to read Turkey Empowers Authorities to Freeze Crypto Accounts Amid Strengthened AML Regulations
Turkey is set to introduce comprehensive anti-money laundering regulations that grant its financial crime authority the power to freeze and restrict access to cryptocurrency accounts. These rules mandate stricter identification requirements for crypto transactions, impose limits on stablecoin transfers, and enforce delays on withdrawals to prevent illicit activities. The regulations also introduce hefty capital requirements for crypto firms and propose a small transaction tax, reflecting Turkey's commitment to safeguarding its financial system while managing the evolving crypto landscape.
Continue to read Turkey Empowers Authorities to Freeze Crypto Accounts Amid Strengthened AML Regulations
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