Online reports, Cointelegraph reports that the Turkish Ministry of Finance plans to implement stricter cryptocurrency regulatory measures to combat money laundering and financial crimes. The new regulations require encryption platforms to collect information on the source and purpose of each transfer, and users must provide a transaction description of at least 20 characters. In addition, most withdrawals will be delayed by 48 hours, with a wait of 72 hours for the first withdrawal. The new rules will also set a limit on stablecoin transfers: a daily limit of US$3,000 for ordinary users and a monthly limit of US$50,000; platforms that fully abide by the "travel rules" will enjoy double the limit. Transfers related to liquidity provision, market making and arbitrage are exempt from these restrictions under platform monitoring.