Crypto currency withdrawal processing times have arrived: Published in the Official Gazette

The Financial Crimes Investigation Board (MASAK) has introduced new measures regarding the relationships of cryptocurrency service providers with their customers.

According to the regulation published in the Official Gazette and coming into force today, cryptocurrency withdrawal transactions made through cryptocurrency service providers will be subject to a minimum waiting period of 48 hours. If the user performs a cryptocurrency withdrawal transaction for the first time through the platform, this period will be applied for at least 72 hours.

This rule will come into effect particularly when users wish to send cryptocurrency to wallet addresses that are not registered on the platform or to a service provider abroad.

Daily and monthly limits have been imposed on stablecoins.

On the other hand, limits have also been imposed on stablecoin transactions. Accordingly, there will be a daily limit of 3,000 dollars and a monthly limit of 50,000 dollars for stablecoin withdrawal transactions. These limits can be doubled if the travel rule is adhered to.

New measures also require customers to enter a transaction description of at least 20 characters in length regarding the nature of the transaction for all cryptocurrency transfer operations on the platforms.

Sources from the Ministry of Treasury and Finance stated a few days ago in a statement to AA that they mentioned these measures, indicating that the aim was to prevent the laundering of proceeds from crimes such as illegal betting and fraud through cryptocurrency accounts.

Published: June 28, 2025 02:49Last Updated: June 28, 2025 03:07