Turkey Implements New Regulations for Cryptocurrency Exchanges – BitRss

New regulations for cryptocurrency exchanges in Turkey have been published in the Official Gazette. Under these regulations, cryptocurrency exchanges will be responsible for fulfilling their obligations to prevent money laundering and terrorist financing. Furthermore, exchanges must appoint a compliance officer and establish a legally compliant program within one month. Banks and financial institutions will also need to obtain approval from senior executives before engaging in business relationships with cryptocurrency exchanges. These new regulations aim to increase transparency and reliability within the sector.

New Obligations for Cryptocurrency Transfers

The new regulation introduces a requirement for exchanges to verify sender information for cryptocurrency transfers of 15,000 Turkish Liras and above. This information includes the sender’s name, surname, trade registry number, and wallet address. While recipient information will be recorded, verification will not be mandatory.

Official Gazette of Cryptocu…