# Turkey

> Turkey (Capital Markets Board · MASAK · KVKK): Caps, delays and a compelled purpose description. Region: Europe. Restricts anonymity: Anonymity-enhancing assets or unattributed transfers are barred outright, or barred for regulated firms.

Part of the Soda Labs Privacy Hub regulation map, which reads the instruments
themselves rather than summarising the summaries: https://www.sodalabs.xyz/privacy-hub/regulation

## Key facts

- Entry type: Jurisdiction
- Region: Europe
- Subject: Caps, delays and a compelled purpose description
- Authority: Capital Markets Board · MASAK · KVKK
- Stance on on-chain confidentiality: Restricts anonymity. Anonymity-enhancing assets or unattributed transfers are barred outright, or barred for regulated firms.
- Tags: transfer caps, withdrawal delay, purpose description, unhosted declaration
- Canonical page: https://www.sodalabs.xyz/privacy-hub/regulation/jur-turkey

## What it 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.

## The instruments that matter

- **Law No. 7518, July 2024**: places crypto service provider licensing with the Capital Markets Board, with establishment and capital rules set by communiqués published 13 March 2025
- **Travel rule from 25 February 2025**: expanded originator data above TRY 15,000; transfers to or from unhosted wallets require a customer declaration, and transfers with unresolved information gaps are returned or rejected
- **Communiqués 28 and 29, June 2025**: stablecoin transfer caps of USD 3,000 daily and USD 50,000 monthly, doubled where full travel rule data is collected, with higher caps for other crypto assets
- **Withdrawal delays and purpose text**: a 48-hour delay on withdrawals, 72 hours on the first, plus a minimum 20-character description of every transfer's purpose

## Sources

- [Capital Markets Board](https://www.spk.gov.tr/)
- [MASAK](https://masak.hmb.gov.tr/)

## Related entries

- [Georgia](https://www.sodalabs.xyz/privacy-hub/regulation/jur-georgia): The one place where privacy oversight went backwards
- [Switzerland](https://www.sodalabs.xyz/privacy-hub/regulation/jur-switzerland): Crypto-friendly and strict on anonymity at once
- [EU AMLR Article 79](https://www.sodalabs.xyz/privacy-hub/regulation/reg-eu-amlr): Anti-money laundering · Regulation (EU) 2024/1624
- [EU Transfer of Funds Regulation](https://www.sodalabs.xyz/privacy-hub/regulation/reg-eu-travel-rule): Travel rule · Regulation (EU) 2023/1113
- [Norway](https://www.sodalabs.xyz/privacy-hub/regulation/jur-norway): MiCA via the EEA, with a privacy-innovation sandbox
- [Ukraine](https://www.sodalabs.xyz/privacy-hub/regulation/jur-ukraine): The law that passed and never commenced