Turkey has implemented new regulations for cryptocurrency exchanges, requiring them to comply immediately. These changes affect all licensed exchanges operating in the country, including international firms.
Withdrawal Limitations on Cryptocurrency
On June 28, 2025, the Financial Crimes Investigation Board issued the General Communiqué (No: 29), targeting user security and compliance with legal obligations. Key changes include:
* A mandatory 72-hour waiting period for withdrawing cryptocurrency from exchange wallets. For instance, transferring Bitcoin from Binance TR to another global exchange will be delayed by 72 hours. * New cryptocurrency investments or resulting balances from purchase/trade transactions will also face the same 72-hour wait period. * While the initial transaction requires a 72-hour wait, subsequent transactions will see this reduced to 48 hours. This means a 72-hour wait for the first transfer to a global exchange, and 48 hours for subsequent withdrawals. * Transfers to wallets matched with your Turkish ID through Binance Transfer are exempt from waiting.
Benefits for Cryptocurrency Investors
There are positive aspects to the introduction of such restrictions. For instance, it can be beneficial for users whose cryptocurrency exchange accounts have been hacked. If they realize their accounts have been compromised, they have the opportunity to act swiftly to secure their funds, as accounts cannot be drained within 72 hours.
In recent years, many accounts have been emptied through SIM swapping in minutes. In such cases, if you quickly secure your number and exchange account upon realizing your phone number's compromise, attackers will not be able to empty your wallet immediately.
Conclusion
The new regulations in Turkey are changing the dynamics of cryptocurrency trading. While there are certain limitations, they also provide an additional layer of security for investors amidst increasing threats of hacks.
The introduction of new rules can have a significant impact on the cryptocurrency market in Turkey, restricting certain actions while also potentially playing a positive role in protecting investor funds.
