The post Turkey Moves to Tighten Crypto and Banking Oversight appeared first on Coinpedia Fintech News
Turkey is preparing new rules to expand the powers of its Financial Crimes Investigation Board (MASAK). The reforms will allow MASAK to freeze both bank and crypto accounts, set transaction limits, and blacklist crypto wallets linked to illegal activities. Authorities say the measures mainly target “rented accounts” used in online gambling and fraud schemes. Framed as part of the 11th judicial reform package, the plan aligns with FATF standards to strengthen financial oversight and curb illicit crypto use.