Turkey Imposes Stricter Rules for Cryptocurrency Providers

Turkey’s cryptocurrency landscape has undergone a significant shift as the government unveils stricter regulations for service providers. Treasury and Finance Minister Mehmet Şimşek underscored the importance of compliance with these new rules, emphasizing that non-adherence will result in severe penalties enforced by the Financial Crimes Investigation Board (MASAK). The objective is to ensure transparency and secure financial operations within Turkey.