Binance TR Sets New Rules for Cryptocurrency Transfers Starting February 2025 – BitRss

On December 25, 2024, new regulations were published in the Official Gazette that significantly affect cryptocurrency users on exchanges and platforms. Following these developments, Binance TR announced it would require additional information for cryptocurrency deposits and withdrawals starting on February 25, 2025. Users will need to share information about the sender or recipient to complete these transactions, aimed at preventing money laundering and financing of terrorism.

New Requirements for Cryptocurrency Transfers

The new regulations mandate stricter identity verification for cryptocurrency transfers, especially for amounts equal to or exceeding 15,000 Turkish Lira. As a result, cryptocurrency exchanges and platforms are now obligated to validate the sender’s identity, including name, surname, trade registry details, and wallet address. While recipient information will also be recorded, verification for this data will not be mandatory. In cases where the recipient platform cannot confirm the sender’s information, the transaction will be reversed.