The Turkish government is drafting a law that will give its financial crimes watchdog, MASAK, explicit authority to freeze cryptocurrency accounts, Bloomberg reported on Monday.
The move is part of a broader crackdown on money laundering and brings the country into line with international standards set by the Financial Action Task Force (FATF).
The proposed bill would empower MASAK to investigate suspicious accounts at banks, payment processors, and, most importantly, crypto exchange platforms.
The agency could also impose limits on transactions and blacklist wallets linked to criminal activity, which would significantly expand its regulatory reach in the digital asset space.