Turkey Bans Crypto ATMs and Imposes New Limits on Stablecoin Transfers
— BigPara
Turkey has strengthened regulations by banning crypto ATMs and imposing strict limits on stablecoin transfers.
Turkey's Minister of Treasury and Finance, Mehmet Şimşek, announced a complete ban on crypto ATMs and strict transaction limits on stablecoin transfers.
- Crypto ATMs are completely banned across Turkey.
- Daily transaction limit of $3,000 and monthly limit of $50,000 imposed on stablecoin transfers.
- Decisive regulatory steps aim to enhance control over digital assets.
The ban on crypto ATMs and transaction limits on stablecoins could restrict access and usage of digital assets in Turkey, impacting market liquidity and trading volume.