Turkey

A regulated firm must be able to attribute activity to an identified person, and assets or accounts that make that impossible are barred at the licensed perimeter. This is a rule about attribution, not about whether amounts are public.

What Turkey actually says

Turkey reaches the same destination as an anonymity ban without ever writing one. No primary instrument prohibiting anonymity-enhancing tokens was found. What exists instead is a stack of operational controls that make routine confidentiality impractical at licensed venues: value caps on transfers, doubled only if the full travel rule dataset is collected, a mandatory waiting period before withdrawal, a declaration requirement for anything touching an unhosted wallet, and a compelled free-text description of what every transfer is for. Each measure is individually defensible as anti-fraud policy. Together they amount to a regime where a licensed Turkish venue cannot process a transfer it does not have a stated reason for.

What this means for confidential transactions

Bubble is built for exactly this shape of obligation: amounts and balances live on chain as ciphertexts, computation happens without decryption, and the only disclosure path is an on-chain access list through which an authorized party - an auditor, a supervisor, a counterparty - can request scoped decryption. That is confidentiality from the public, not from the regulator.