BitcoinSistemi 2025-06-24 11:42:07

Ministry of Treasury and Finance Pressed the Button on Cryptocurrencies! Mehmet Şimşek Announced What Will Happen!

While many steps have been taken to regulate the cryptocurrency sector in Türkiye, a final move has come. At this point, Treasury and Finance Minister Mehmet Şimşek stated that new steps were taken to prevent the laundering of criminal proceeds obtained from illegal betting and fraud through cryptocurrency asset transactions. According to AA, the Ministry of Treasury and Finance will introduce a regulatory package that will increase transparency and control in transactions made through Crypto Asset Service Providers (CSAs). In this context, the traceability of criminal proceeds is increased through time limits, transfer limits and strict identity checks. The report stated that crypto asset platforms must disclose information regarding the source and purpose of the money and other funds that are the subject of the transactions they mediate. In this context, it was stated that in all cryptocurrency transfer transactions, it will be mandatory to obtain a transaction description of at least 20 characters from the customer performing the transaction. With the new regulations, the cryptocurrencies in question will be prevented from being quickly removed from the system. At this point, it is planned to impose a time limit for crypto withdrawal transactions that do not apply to the travel rule. In this context, crypto withdrawals can only be made 48 hours after purchase, exchange or deposit transactions. This period will be at least 72 hours for the first withdrawal transactions to be made from the account. It was also stated that a daily limit would be imposed on stablecoin transfers, and that this would be a limitation of 3 thousand dollars and 50 thousand dollars per month. Treasury and Finance Minister Mehmet Şimşek stated that these restrictions will ensure that additional oversight and control is applied to exchanges to prevent money laundering through cryptocurrencies. Şimşek added that no restrictions were imposed on the legitimate area. *This is not investment advice. Continue Reading: Ministry of Treasury and Finance Pressed the Button on Cryptocurrencies! Mehmet Şimşek Announced What Will Happen!