Turkey is tightening control over crypto, the main point:
🔴 The financial regulator MASAK will be able to block bank and crypto accounts, limit transactions, and close wallets associated with money laundering and fraud.
🔴 The main focus is on combating "rented accounts", through which illegal gambling and fraud schemes operate.
🔴 The document is compliant with international FATF standards.
🔴 Strict KYC/AML rules and limits on stablecoins will be introduced for crypto exchanges.
Earlier this summer, the regulator had already restricted access to a number of decentralized platforms, including PancakeSwap.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Turkey is tightening control over crypto, the main point:
🔴 The financial regulator MASAK will be able to block bank and crypto accounts, limit transactions, and close wallets associated with money laundering and fraud.
🔴 The main focus is on combating "rented accounts", through which illegal gambling and fraud schemes operate.
🔴 The document is compliant with international FATF standards.
🔴 Strict KYC/AML rules and limits on stablecoins will be introduced for crypto exchanges.
Earlier this summer, the regulator had already restricted access to a number of decentralized platforms, including PancakeSwap.