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Turkey Said to Consider Granting Authorities Power to Freeze Crypto Accounts Under New AML Rules

Turkey Said to Consider Granting Authorities Power to Freeze Crypto Accounts Under New AML Rules

Turkey drafts AML rules to monitor crypto transactions, limit stablecoin transfers, and control withdrawals.

Written by Rahul Dhingra, Edited by David Delima | Updated: 1 October 2025 17:10 IST

Turkey Said to Consider Granting Authorities Power to Freeze Crypto Accounts Under New AML Rules

Photo Credit: Unsplash/Engin Yapici

New rules require crypto firms to verify transactions and limit large transfers

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Highlights

Stricter KYC and reporting rules for crypto platforms
Stablecoin transfers are capped at $3,000 per day, $50,000 per month
Higher limits for platforms complying with the Travel Rule

Turkey is preparing new anti-money laundering (AML) regulations that would give the country's
The Financial Crimes Investigation Board (MASAK) has the power to freeze and block access to cryptocurrency accounts. The proposal aims at restraining illegitimate financial activity and strengthening oversight of digital asset markets, and it also aligns with standards set by the Financial Action Task Force (FATF). The measures are designed to focus regulatory attention on the growing crypto sector and are part of a comprehensive government strategy, according to a report.

Turkey Tightens Crypto Oversight With Proposed AML Rules

A Bloomberg Law report citing sources familiar with the matter said that the proposal is expected to reach the parliament in the coming months. It builds on the earlier steps to tighten oversight, including rules introduced in June that require crypto platforms to collect identifying details for transactions above TRY 15,000 (roughly Rs. 31,300).

Under this framework, withdrawals could be delayed when the details of the sender and the recipient are incorrect. The standard withdrawal process may face a 48-hour hold, while first-time withdrawals from new accounts could take up to 72 hours.

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Authorities also plan to impose daily and monthly caps on stablecoin transfers, which can be $3,000 (roughly Rs. 2.6 lakh) per day and $50,000 (roughly Rs. 44 lakh) per month. Higher limits might be available on platforms that adhere to the Travel Rule, which requires users to share their transaction details.

The AML package follows the March regulations from the Capital Markets Board (CMB), which brought forward licensing and operational requirements for crypto service providers. Exchanges must hold a minimum of $4.1 million (roughly Rs. 3,63,600 crore) in reserves, while custodians need at least $13.7 million (roughly Rs. 12,15,053 crore).

Despite stricter rules, Turkey remains an active crypto market. As per the Chainalysis ranking, Turkey stood at 14th position. However, many global exchanges have scaled back. Coinbase withdrew its pre-application to operate in Turkey, and Binance ended its retail referral programme earlier this year.

As part of wider fiscal measures, Turkish authorities are weighing a 0.03 percent transaction tax on crypto trades, which could boost national revenues without heavily affecting market growth. Finance Minister Şimşek noted, however, that profits from crypto assets are not currently subject to taxation under the government's plans.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Further reading: Crypto, Turkey, crypto adoption, Regulation

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More