A new era has begun in crypto money

The regulation on measures to prevent crypto asset transfers, money laundering and terrorist financing was published in the Official Gazette on December 25, 2024. In this context, it was announced that identity information would be mandatory for transactions over 15 thousand TL.

According to the Official Gazette, a 2-month period was given to comply with the changes in question, but this period ended yesterday and the decision began to be implemented as of February 25.

Accordingly, in crypto asset transactions, the sender's name, the title of the person registered in the trade registry, the full name of other legal entities and unincorporated entities, and the wallet address will be taken. The decision will be valid for transactions over 15 thousand TL as of today.

STATEMENT FROM BINANCE

Binance Turkey also released a statement on the subject. The statement included the following statements:

"In accordance with the relevant regulation and circular published in the Official Gazette, changes will be made to the identity verification processes to be applied in crypto asset platforms established in Turkey. We would like to share these changes with you.

This decision was taken in accordance with the amendments made to the Regulation on Measures to Prevent Laundering Proceeds of Crime and Financing of Terrorism within the scope of the regulations published in the Official Gazette dated 25-12-2024 and numbered 32763. With these amendments, Crypto Asset Service Providers have been defined as financial institutions and their identity verification processes have been updated in accordance with the articles in the relevant Regulation and Communiqué.

We understand that this update may impact your experience on the platform. However, as always, we continue to work to ensure that this process goes as smoothly and smoothly as possible for you. We thank you for your understanding and support. As of 25-04-2025 , Binance TR will not be held responsible for any direct or indirect losses that may arise due to the closure of open positions and restrictions imposed on the account due to the incomplete identity verification process.