Crypto Travel Rule Regulations in Turkey 2025

Breaking Down Compliance in Turkey’s Crypto Ecosystem

Who Needs to Register?

All Crypto Asset Service Providers (CASPs) operating in Turkey must register with the Financial Crimes Investigation Board (MASAK). The registration process requires providing detailed information about company operations, compliance programs, and governance structures to ensure adherence to local and international regulations.

When Did the Travel Rule Begin?

Turkey adopted the Travel Rule framework in alignment with international standards, officially enforcing it on May 1, 2021. This move brought CASPs under the same anti-money laundering (AML) and counter-terrorism financing (CTF) rules as traditional financial institutions.

MiCA Implications for Turkey

Although Turkey is not part of the EU, global trends like the Markets in Crypto-Assets (MiCA) regulation will likely influence Turkey’s regulatory framework. CASPs operating in Turkey should stay ahead by preparing for possible updates, ensuring strong compliance measures are in place to meet both local and international standards.

Is There a Transaction Threshold?

No, Turkey applies the Travel Rule to all cryptocurrency transactions, regardless of the amount. This ensures consistent monitoring and oversight across the entire crypto ecosystem.

What Information Must Be Shared?

CASPs in Turkey must collect and transmit critical information for both originators and beneficiaries of transactions, such as:

• Full name and address,
• Date and place of birth,
• Nationality,
• Account number or unique transaction ID.

Self-Hosted Wallet Requirements

Transactions involving self-hosted wallets are not exempt. CASPs are required to enforce the same AML/CTF procedures, including performing enhanced due diligence when necessary.

Key Highlights of Crypto Compliance in Turkey

1. Legality of Cryptocurrency in Turkey
   Cryptocurrency is legal in Turkey, and residents can buy, sell, and hold digital assets. However, the use of cryptocurrency as a payment method is prohibited under current regulations, focusing on fostering secure trading and investment environments.
2. Anti-Money Laundering (AML) Measures
   CASPs must comply with MASAK’s AML/CTF regulations, which include:
   • Conducting customer identity verification (KYC),
   • Monitoring transactions for suspicious activity,
   • Reporting unusual transactions to MASAK.
3. Travel Rule Implementation
   Turkey’s enforcement of the Travel Rule requires CASPs to collect and share identifying details for both senders and recipients of cryptocurrency transactions. These regulations are aligned with FATF Recommendation 16, reinforcing Turkey’s commitment to global financial security standards.
4. Regulatory Oversight of Crypto Activities
   MASAK acts as Turkey’s main regulatory body, ensuring CASPs operate in compliance with local laws and global best practices.

Partner with Scorechain for Seamless Compliance

Navigating Turkey’s evolving crypto regulations can be complex, but it doesn’t have to be! Scorechain offers advanced solutions to help CASPs meet AML, CTF, and Travel Rule obligations effortlessly.

🔎 Comprehensive transaction monitoring to minimize risks.
📊 Tailored compliance tools designed for your business.
🤝 Support for MASAK registration and reporting requirements.
🔗 Integrated Travel Rule solutions for secure and efficient data sharing.

Ready to simplify compliance?
Let Scorechain empower your business to thrive in Turkey’s dynamic crypto landscape. Contact us today for a consultation or demo!

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