Turkey Drafts Law to Freeze Crypto Accounts: Regulatory Shift Looms
Turkey is advancing legislation to align with FATF anti-money laundering standards, targeting cryptocurrency accounts. The draft law signals a broader global trend of tightening crypto regulations as digital assets gain mainstream recognition.
Financial institutions face heightened scrutiny under the proposed framework. While the US explores more lenient approaches, Turkey's move reflects growing institutional efforts to curb illicit crypto activity without stifling innovation.