Turkey Strengthens Cryptocurrency Regulations in 2025 Amid Growing Market

Turkey has emerged as a major player in the global cryptocurrency market, ranking fourth worldwide in trading volume in 2025. While crypto trading remains legal in the country, the government has implemented strict regulations to enhance oversight and curb illicit activities.

Key regulatory developments include:

1. The Financial Crime Investigation Board (MASAK) introduced new transfer limits and mandatory waiting periods (48-72 hours) for crypto withdrawals, along with daily ($3,000) and monthly ($5,000) caps for stablecoin transfers.

2. The Turkish Capital Market Board (CMB) issued stricter licensing requirements for crypto asset service providers (CASPs), including minimum capital thresholds of 150 million TL ($4.1 million) for exchanges and 500 million TL ($13.7 million) for custodians.

3. Enhanced AML measures require identity verification for transactions exceeding 15,000 TL ($425), with non-compliant entities facing severe penalties including 3-5 years imprisonment.

Finance Minister Mehmet Simsek stated: "We're taking decisive steps to prevent laundering of criminal proceeds through cryptocurrency transactions," emphasizing Turkey's alignment with global standards.

Market Outlook:
- Crypto adoption rate projected at 28.17% (24.82 million users) by 2026
- Revenue forecast to grow from $2.2 billion (2025) to $2.6 billion (2026)
- Government maintains focus on transparency and consumer protection

While no specific crypto tax exists, profits are subject to progressive income tax rates (15-40%). A proposed 0.03% transaction tax remains under consideration.

The comprehensive regulatory framework positions Turkey as an increasingly secure environment for crypto businesses, balancing market growth with robust oversight.