Turkey Tightens Oversight of Crypto Exchanges

[johnblockbuster]

Alongside MASAK’s expanded powers, Turkey’s Finance Ministry is drafting new rules for crypto exchanges. These would require platforms to collect more detailed information about the source and purpose of transactions and could introduce limits on stablecoin transfers.

In July, the Capital Markets Board (CMB) blocked access to several platforms offering “unauthorized” digital asset services, including the decentralized exchange PancakeSwap. The CMB bulletin lists multiple blocked crypto-related sites, reflecting a broader crackdown on unlicensed platforms.

While cryptocurrency investment remains legal, these steps signal Ankara’s determination to bring exchanges and stablecoin flows under stricter control.

[Nahid10]

Turkey’s draft rules could tighten control by forcing exchanges to track transaction sources and purposes.

[kelson10]

Stablecoin transfer limits may hit traders hardest, reshaping how crypto moves in Turkey.