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BTCC / BTCC Square / Global Cryptocurrency /
Turkey Tightens Identity Verification Rules for Crypto Exchanges

Turkey Tightens Identity Verification Rules for Crypto Exchanges

Author:
Global Cryptocurrency
Published:
2025-10-01 18:00:03
11
1
BTCCSquare news:

Turkey has escalated regulatory oversight of cryptocurrency exchanges by classifying them as financial institutions under a December 2024 legal amendment. The move subjects platforms to stringent anti-money laundering (AML) and counter-terrorism financing (CTF) protocols, mirroring banking sector requirements.

New mandates include enhanced Know Your Customer (KYC) procedures, with video conferencing verification emerging as a critical component. The Financial Crimes Investigation Board (MASAK) now enforces standardized identity checks, including facial recognition and politically exposed person (PEP) screenings, for all Turkey-based exchanges.

|Square

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