Turkey’s Crypto Crackdown Reveals Sweeping New Surveillance Powers
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State documents obtained by Anadolu Agency reveal Turkey’s plans for unprecedented crypto transaction monitoring. The draconian measures will force platforms to become financial watchdogs, requiring:
Full transaction justification (minimum 20 characters)
Mandatory withdrawal delays (up to 72 hours)
Severe stablecoin caps ($3k/day)
Government sources confirm these steps specifically target underground betting rings and scam operations exploiting crypto’s pseudonymity.
Critics warn the regulations may push Turkey’s crypto activity underground as the Treasury Ministry tightens its grip on the sector.
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