Crypto and Bank Accounts Under Scrutiny: Turkey's New Regulations

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MASAK gains power to freeze and suspend both bank and crypto accounts suspected of illegal activity

Transactions above ₺15,000 ($425) require strict KYC checks with sender and recipient details.

Stablecoin transfers capped at $3,000 per day and $50,000 per month to curb fraud and gambling.

All crypto exchanges must register locally, meet capital rules, and follow audit requirements.

Turkey aligns with FATF standards after leaving the grey list, sparking debates on privacy vs control.

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