According to Bloomberg, the country plans to expand the powers of its Financial Crimes Investigation Board, known as Masak. If passed by parliament as part of the upcoming 11th judicial reform package, Masak would gain authority to freeze both bank and crypto accounts, set transaction limits, and blacklist addresses linked to illegal activity.
The reforms aim to target “rented accounts” that are often used in gambling networks and fraud schemes, while also aligning Turkey’s laws with international anti-money laundering standards.
Expanding Masak’s Reach
Masak already plays a central role in financial oversight, but these new measures would bring crypto under tighter control. The ability to freeze accounts linked to suspicious activity mirrors the tools regulators use in traditional banking. By extending these powers to digital wallets, authorities hope to cut down on misuse while reinforcing investor protections.
One of the specific focuses of the reform is “rented accounts.” In these schemes, individuals allow others to use their bank or crypto accounts for illicit transactions, often in exchange for a small fee. Criminals exploit this setup to mask the origins of funds, making it harder to trace activities tied to fraud or unlicensed gambling. By giving Masak authority to block such accounts and impose transaction limits, Turkey aims to reduce the risks associated with anonymous transfers.
According to Bloomberg, Turkey plans to expand the powers of its Financial Crimes Investigation Board (Masak), allowing it to freeze bank and crypto accounts, set transaction limits, and blacklist illicit crypto addresses. The measures, targeting “rented accounts” used in…
— Wu Blockchain (@WuBlockchain) September 30, 2025
Aligning with Global Standards
These moves also reflect Turkey’s efforts to meet standards set by the Financial Action Task Force, or FATF, the global watchdog for financial crime. FATF has urged governments worldwide to bring crypto under stricter rules, especially when it comes to identifying customers and monitoring suspicious transfers.
‼️ BITCOIN AND ETHEREUM TO BE EXCLUDED FROM EU CRYPTO REGULATIONS ‼️
A speech from the Central Bank of Ireland confirms: “MiCA will not cover all crypto-assets, with some of the most well-known crypto-assets, such as Bitcoin and Ether, not within scope of the regulation given… pic.twitter.com/cCgc3nWSKa
— SMQKE (@SMQKEDQG) September 20, 2025
This trend is not unique to Turkey. Around the world, regulators are introducing new guardrails to balance innovation with consumer protection. For example, earlier this year, the European Union rolled out the Markets in Crypto-Assets Regulation (MiCA), which sets clear requirements for crypto issuers and exchanges. Similarly, countries like South Korea and Japan have strengthened oversight to prevent money laundering and ensure greater transparency.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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