Turkey plans crypto transaction limits to address illegal gambling proceeds
Turkey’s government plans new restrictions on crypto transactions to prevent laundering proceeds from illegal betting and fraud, Finance Minister Mehmet Simsek said. The measures would include a 48-hour wait for transactions that do not meet Travel Rule requirements, a 72-hour freeze for first-time withdrawals, and stablecoin transfer limits of $3,000 daily and $50,000 monthly.
Crypto exchanges and wallet providers would face new transaction controls and potential sanctions affecting gambling-related proceeds.