At the same time, platforms must collect clear proof of where the money came from. These steps come as crypto use in Turkey has surged, driven by high inflation and a shaky currency.
Users active in market making, liquidity provision, or cross-market arbitrage can skip some of the tighter checks if they show proof of clean funds. They must work through licensed platforms and provide clear documents. This exemption acknowledges that professional traders add volume and keep prices stable.
Crypto adoption in Turkey ranks among the highest in the world. Officials don’t want to slow growth. They argue these steps guard honest users while making it much harder for criminals to exploit the market.
As the rules kick in, domestic exchanges will race to update their systems. Traders may grumble about extra paperwork and waiting times. Still, many believe the extra checks will give institutions and big-time investors more confidence to join in.
Featured image from Chainalysis, chart from TradingView
