Türkiye is facing serious problems with money laundering, especially through crypto transactions. Criminals have been using cryptocurrencies to move money earned from illegal betting, online scams, and fraud. These crimes often happen without anyone checking where the money comes from or who sends it. To fight this, Türkiye’s government announced new rules in June 2025. Crypto companies must now delay withdrawals for 48 to 72 hours if they cannot confirm who is sending and receiving the money. They must also follow the “travel rule,” which means they must collect and share information about both sides of a transaction. There are also new daily and monthly limits on stablecoin transfers, making it harder to move large amounts secretly. Finance Minister Mehmet Şimşek said these steps are to stop the misuse of crypto platforms for crime and protect honest users. Türkiye aims to meet international anti-money laundering (AML) standards and avoid being listed again by global watchdogs like the Financial Action Task Force (FATF).
Pray for the effective implementation of the new rules in crypto platforms in Türkiye to curb money laundering violations. Pray for improved anti-money laundering standards in the country (The Holy Bible, Psalm 9:16).
Pray for the success of the efforts of the Türkish government against money laundering allegations across the nation. Pray for economic stability in the country. (The Holy Bible, Psalm 64:2).
News Source: Reuters
Image Source: Canva
