Turkey Tightens Crypto Regulations As Turkish Lira Continues To Depreciate

The Ministry of Treasury and Finance of Turkey, led by Mehmet Şimşek, has announced a series of stringent new measures aimed at curbing money laundering and enhancing the oversight of digital asset transactions.

According to the 25th June 2025 announcement, “The Ministry is preparing to take additional steps and will request strict control and supervision of the transactions carried out by Crypto Asset Service Providers (CSAs).”

Notably, the latest regulatory push comes amid a surge in crypto adoption driven by the Turkish lira’s sharp depreciation – nearly 20% of its value over the last year – and growing over illicit financial activity in the digital asset space. 

Turkey’s latest crypto "reforms" demand 20-character transfer memos, impose 48–72 hour withdrawal delays, and restrict stablecoin usage.

Innovation doesn’t thrive under surveillance-heavy micromanagement.

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