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Before the onset of July, cryptocurrency investors in Turkey were introduced to new regulations, with exchanges mandated to implement them promptly. Exchanges operating under licenses in Turkey, including branches of global giants like Binance, must comply immediately. What do these new regulations mean for cryptocurrency investors?
Withdrawal Limitations on Cryptocurrency
On June 28, 2025, the Financial Crimes Investigation Board issued the General Communiqué (No: 29) targeting Turkish cryptocurrency investors. This regulation aims for enhanced user security and compliance with legal obligations and has been adopted by platforms like Binance TR starting today.
A waiting period for cryptocurrency withdrawals has been introduced. As of now, what changes affect Turkish investors using licensed cryptocurrency exchanges in Turkey? Key points are summarized as follows:
- There’s a mandatory 72-hour waiting period for withdrawing crypto from exchange wallets. For example, transferring Bitcoin
$118,356 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 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. You won’t need to wait when dealing with wallets compliant with the Travel Rule.
Benefits for Cryptocurrency Investors
We’ve seen similar restrictions in other countries, particularly India, primarily to control cash flow to foreign exchanges. Is there a silver lining? Yes, it significantly benefits hacked cryptocurrency exchange accounts. If users realize that their accounts have been compromised, they can act swiftly to secure their funds, as accounts can’t be drained within 72 hours.
In recent years, we’ve witnessed numerous accounts 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 won’t empty your wallet immediately.
