2026-01-02 13:21:09

A new requirement has been implemented for money transfers exceeding 200,000 TRY in Turkey: explaining the purpose of each transfer is now mandatory. This rule aims to increase transparency in financial transactions and combat money laundering and terrorism financing.

This change is significant for users converting from cryptocurrency to fiat or conducting large transactions. When providing a transaction explanation, clear and accurate information must be given. Stating the purpose of the transaction, such as investment profit, commercial income, or debt repayment, is mandatory.

The compliance process has begun for industry participants. Those making large transactions should consider this new requirement in advance.

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AlwaysMissingTops

· 18m ago

Here we go again, it's that "transparency" routine... Anything above 200,000 lira needs to be explained clearly. I think this is just another way to keep a close eye on our wallets.

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RamenStacker

· 6h ago

This Turkish method is pretty clever; transferring over 200,000 lira requires a reason... It seems like in the future, cashing out will all be about making up stories.

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MevHunter

· 6h ago

Turkey is at it again, requiring notes on the purpose for transfers over 200,000 lira? Haha, now withdrawing crypto just got more complicated.

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BTCRetirementFund

· 6h ago

Damn, another one. Now I have to write a short essay for the withdrawal.

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PseudoIntellectual

· 6h ago

Wow, 2 million and still need to write an explanation? Now I have to make up stories for withdrawals haha

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PoetryOnChain

· 7h ago

Ha, they're blocking us again. For amounts over 2 million lira, you have to write a short essay explaining the purpose... It's becoming increasingly difficult to withdraw funds. The big players will have to come up with excuses now.

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GateUser-74b10196

· 7h ago

New rules are here again. If you have more than 200,000 lira, you need to clearly explain what it's for... Now withdrawing crypto is even more complicated; you have to come up with a good reason.

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