Turkey Tightens Crypto Regulations, Demands Compliance from Providers

Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, has issued a strong warning to cryptocurrency service providers regarding new regulations implemented by the Financial Crimes Investigation Board (MASAK). These regulations aim to ensure transparency and reliability in the financial system. As part of these changes, platforms are now subject to the same obligations as banks and brokerage firms, moving away from their previous designation as merely technology ventures.