Turkey’s Evolving Crypto Regulations: An In-Depth Analysis
In the ever-evolving landscape of cryptocurrency, Turkey has recently introduced significant regulatory changes. The nation’s Financial Crimes Investigation Board (MASAK) has rolled out new guidelines that are reshaping the way crypto assets are managed and traded. Esteemed crypto analyst and Turkish native, Burak Kesmeci, provides a detailed examination of these new rules, outlining their impact from both legal and user perspectives.
New Crypto Regulations in Turkey: Challenges and Investor Safeguards
On June 28, 2025, MASAK issued General Communique No.29, aiming to revise the operational framework for virtual asset service providers. This move is in line with the implementation of Law No. 5549, focusing on the Prevention of Laundering Proceeds of Crime. Following this announcement, Kesmeci, in collaboration with legal expert Ahmed Karaca, elaborates on the critical aspects of MASAK’s directive.
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Transaction Delays: A Double-Edged Sword for Traders
A notable change introduced is the mandatory waiting period for crypto transactions. First-time withdrawals from local exchanges now require a 72-hour hold, while subsequent transactions face a 48-hour delay. According to Kesmeci, this measure is designed to enhance the detection of suspicious activities, thereby combating fraud and money laundering. However, he acknowledges that this could be a setback for traders, particularly those engaged in short-term trading on global platforms.
Transfer Limits: Balancing Security and Flexibility
Another pivotal aspect of the new regulations is the imposition of transfer limits when moving funds from exchanges to cold wallets. These limits range from $3,000 to $6,000 per day and $50,000 to $100,000 per month, specifically targeting stablecoin transactions. Kesmeci clarifies that cryptocurrencies like Bitcoin and Ethereum are exempt from these caps, allowing for greater flexibility in their movement. This distinction arises from a 2021 regulatory policy that focused on stablecoins.
Ensuring Transparency and Safeguarding Assets
MASAK’s new guidelines also emphasize transparency, requiring exchanges to disclose new token listings to Turkey’s Public Disclosure Platform (KAP). Kesmeci highlights the importance of this regulation, as it provides crypto users with unprecedented insights into the asset listing process.
Custody Requirements: A Step Towards Greater Security
Additionally, MASAK has mandated stringent custody requirements, dictating that 95% of user funds must be held with approved custodians, while only 5% may remain on exchanges. This measure is designed to prevent exchange collapses similar to those experienced by FTX and Thodex. Kesmeci emphasizes that exchanges will be closely monitored to ensure compliance with the 90%-10% limit.
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