New regulation for crypto: MASAK imposes limits on withdrawals and transfers

MASAK, under the Ministry of Treasury and Finance, published its new regulation aimed at preventing money laundering in the crypto market in the Official Gazette on June 28, 2025. The communiqué introduces various restrictions on crypto service providers, including transaction times and limits.

With the new regulation, withdrawal transactions on crypto asset platforms can be carried out no earlier than 48 hours after purchase, exchange, or deposit transactions. If the user is performing a transaction on the platform for the first time, this period will extend up to 72 hours.

LIMITS IMPOSED ON STABLECOIN TRANSFERS

Restrictions have also been placed on the transfer of stablecoins—crypto assets with a fixed value—to different platforms. Accordingly, users will be able to transfer a maximum of 3 thousand dollars daily and 50 thousand dollars monthly. However, these limits can be increased up to two-fold once specified security measures are met.

DOCUMENTATION REQUIREMENT

According to the published communiqué, it will now be mandatory for users to write a description of at least 20 characters for all transfer transactions. Furthermore, platforms will regularly request documents regarding the source of the assets being traded, in addition to user identity information.

LIMITED EXEMPTIONS FOR TRANSACTIONS

Professional transactions such as liquidity provision, market making, or arbitrage may be excluded from these restrictions with the approval of the platform's board of directors. However, if this exemption is abused, the granted privileges will be revoked immediately.

SANCTIONS TO BE APPLIED

Crypto asset service providers that act in violation of the communiqué will face criminal sanctions under Law No. 5549 on the Prevention of Laundering Proceeds of Crime.

This regulation, which entered into force as of June 28, demonstrates MASAK's determination to tighten oversight and increase transparency in the crypto market.

News Source: 12punto