Turkey to grant Masak the right to freeze crypto accounts in the fight against money laundering
A new bill will expand Masak’s powers: it will be able to block crypto accounts and impose limits on transactions within the framework of FATF AML standards
30.09.2025 - 08:50
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Key points:
- The new bill will give Masak the power to freeze crypto accounts and block suspicious wallets.
- The main goal is to combat “rented accounts” for illegal betting and fraud.
- Turkey will bring its rules into line with FATF standards.
The Turkish government is drafting a bill that will expand the powers of the Financial Crimes Investigation Board, Masak. According to Bloomberg, the supervisory authority will be able to freeze crypto accounts and close accounts in banks and payment systems if illegal operations are suspected.
The measures are designed to align the country’s legislation with the recommendations of the Financial Action Task Force (FATF).
Masak’s new powers
The bill gives Masak the right to block crypto accounts, restrict transactions, and blacklist wallets linked to criminal activity. Organizations working with electronic money and crypto exchanges will also be subject to control.
The main goal is to reduce the use of so-called “rented accounts,” which criminals purchase from individuals for illegal operations, including gambling and financial fraud.
Rules for transfers and stablecoins
In June 2025, the Ministry of Finance presented a draft of new regulations for crypto platforms. Users will be required to describe each transaction that is at least 20 characters long. A delay will be introduced for withdrawals: 48 hours for most withdrawals and 72 hours for the first withdrawal from an account.
In addition, it is proposed to set limits on stablecoin transfers — $3000 per day and $50 000 per month. Platforms that fully comply with the Travel Rule and collect data on the sender and recipient will be able to double these limits.
Also in July, Turkey blocked access to several services, including PancakeSwap, for providing “unauthorized” services.
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