Crypto Coins Over the years, it has become a significant distance from Nakamoto’s philosophy and turned into something else. This is a trivial detail for almost all of the investors in the markets because what is the priority is to make money. Blockchain’s nature in Turkey as of February 25 crypto currency Anonymity in their wallets will be largely lifted and of course in regions such as the US and the EU.
Anonymous wallets are over
The US and the EU have taken various steps. With the Travel Rule, anonymity is largely removed in non -central wallets in Turkey. With the new rule that will enter into force as of February 25, the users who transfer over 15.000 TL will be requested. For example, you transferred crypto money worth 1000 USD to your local stock market account from your Metamask wallet. The stock market will ask you who the sender, the metamask wallet, belongs to you.
The issue that Ahmet Usta attracted his attention today is linked to the official communiqué published on 25 December 2024. Accordingly, new obligations come into play within the scope of “Travel Rule for crypto asset service providers. Thanks to the new rule that requires the collection and storage of sender and buyer information in transfers of TL 15,000 or more, the stock exchanges will have to store details such as name, account number, identity number, wallet address and transaction amount.
Crypto Asset Service Providers (KVHS) were defined as “financial institutions kapsamında within the scope of the MASAK legislation and banks were under strict control such as intermediaries. His obligations also changed accordingly. KVHSs have to run a harmonious officer with financial or banking experience for at least 5 years.
KVHSs need to be included in the electronic notification system of MASAK and open an e-test account.
Europe and USA
We have mentioned in detail at every stage of the mica arrangement that has been studied for a long time. For the European Union “Crypto Asset Markets Regulation”(Mica) is imposed on crypto service providers similar responsibilities to Turkey. The crypto arrangement, including “Travel Rule” applications, is related to the global standard.
“The US -based financial crimes (Financial Crimes Information Network) first created the scope of the Travel Rule on the definitions of information to be transported by money transfer in 1996. In the following years, this rule set expanded and organized.
In 2019, many countries such as Germany, Singapore, Switzerland, Canada, South Africa, the Netherlands and Estonia have enacted practices within the scope of Travel Rule. Turned into a necessity. “
In 2019, the US expanded this rule to cover crypto currencies. Although this advice in those days, it turned into a necessity as of 2021. Crypto companies have to add it to transfers in transfers over $ 3000 in the USA.
What will happen now?
In the transfers between the two stock exchanges you make KYC verification, the process will probably process smoothly in the background. In order not to lose customers, stock exchanges can provide users in their own institutional communication channels, which will less exhaust.
But Metamask From your wallet to your stock market account or someone else’s decentralized wallet to your stock market account, the sender if you do not have this information will begin if the troubled process will begin.
The stock markets may request shipment information from the customer. However, how will you be sure that there is the right information sharing here? How will you share his true identity with the stock exchange when he gets a crypto money payment from an anonymous person? Will the assets be placed in the process of sharing sender information? Or will it be returned to the sender?
At one point, we can make it difficult to hold assets in non -central wallets and we can see the results of the defi side.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
