Turkey's Ministry of Treasury and Finance announced new measures to prevent the laundering of criminal proceeds through cryptocurrency transactions. The regulations include mandatory transfer notes of at least 20 characters, withdrawal delays of a minimum of 72 hours for non-compliant platforms, and limits on stablecoin transactions capped at $3,000 per day and $50,000 per month. Licensed crypto platforms may benefit from relaxed rules. Finance Minister Mehmet Simsek emphasized that these steps target illicit activities such as illegal betting and fraud. These developments align with broader international efforts, as the Financial Action Task Force (FATF), a global financial crime watchdog, recently urged countries to strengthen regulations on virtual assets and virtual asset service providers to combat illicit finance. The FATF highlighted that regulatory gaps in one jurisdiction could have global consequences, underscoring the need for enhanced payment transparency and compliance standards worldwide.