As the tip of 2024 approaches in Turkey, the place regulatory efforts concerning cryptocurrencies proceed, a brand new change has been made.
Whereas this regulation was revealed within the official gazette at present, new obligations had been imposed on cryptocurrency exchanges.
Accordingly, exchanges will now should continually monitor their transactions and prospects. As well as, controls on cryptocurrency transfers have been elevated and exchanges have been required to confirm their identities for transactions of 15 thousand TL and above.
Accordingly, complete id verification has been made obligatory for cryptocurrency transfers exceeding 15 thousand TL. On this context, the sender must current their identify, surname, commerce registry data, pockets deal with, and citizenship or passport quantity.
In transfers between exchanges, if the alternate receiving the transaction can not verify the sender’s data, it could categorize the crypto switch as dangerous and ship it again.
“If ample data can’t be obtained, consideration will probably be given to not performing the switch, limiting transactions with the monetary establishment in query, or terminating the enterprise relationship.”
It was said that the brand new regulation goals to stop cash laundering and terrorist financing.
These new rules are deliberate to return into drive on February 25, 2025. It was said that these complete adjustments purpose to make the cryptocurrency market extra clear and safe.
*This isn’t funding recommendation.
