Regulation on the Disuse of Crypto Assets in Payments
Also known as: Türkiye Crypto Payment Ban
Overview
Key Details
Jurisdiction
TürkiyeRegulator
Central Bank of Türkiye
Law Type
Regulation
Status
In ForceOfficial Law Number
Payment Regulation 2021
Official Title
Regulation on the Disuse of Crypto Assets in Payments
Effective Date
Effective date not specified
Topics Covered
Who This Law Applies To
Key Requirements
Official Sources
Related Laws
Türkiye Crypto Asset Law 2024
Law 7518 amending the Capital Markets Law
Brings crypto-asset service providers under SPK supervision.
BCB Resolutions No. 519, 520 and 521 of 2025 — Virtual Asset Regulatory Framework
Resoluções BCB nos. 519, 520 e 521, de 10 de novembro de 2025
Brazil's Central Bank (BCB) Resolutions No. 519, 520 and 521 of 10 November 2025 implement the virtual-asset regulatory framework under the supervision of the Central Bank. Resolution 519 establishes VASP authorisation procedures; Resolution 520 sets activity, governance, controls, security and conduct requirements; Resolution 521 integrates specified virtual-asset operations into Brazil's foreign-exchange and international-capital rules. Commencement is staged during 2026 — verify the effective date for each resolution separately.
FSB High-Level Recommendations for Crypto-Asset Activities and Markets (2023)
High-Level Recommendations for the Regulation, Supervision and Oversight of Crypto-Asset Activities and Markets — Final Report (July 2023)
The FSB's High-Level Recommendations for Crypto-Asset Activities and Markets (2023) set nine recommendations for consistent regulation, supervision and oversight of crypto-asset issuers, service providers, activities and markets. They cover regulatory powers, governance, risk management, data, disclosures and cross-border cooperation. A separate revised set addresses global stablecoin arrangements. FSB recommendations are not self-executing domestic law.
SBS Resolution No. 02648-2024 — AML/CFT Rules for VASPs
Resolución SBS N.° 02648-2024 — Normas para la Gestión de Riesgos de LA/FT aplicable a PSAVs
Peru's SBS Resolution No. 02648-2024 applies AML/CFT risk-management and compliance duties to virtual asset service providers (PSAVs) supervised by UIF-Peru. It requires customer due diligence, recordkeeping and suspicious-transaction reporting. The resolution also contains a travel-rule chapter, but commencement of the travel rule has been deferred to 1 January 2029 through a later amendment — the travel rule is not currently effective.
Basel Framework SCO60 — Cryptoasset Exposures
Basel Framework Chapter SCO60 — Prudential treatment of cryptoasset exposures
The Basel Committee on Banking Supervision's SCO60 standard sets the prudential treatment of banks' cryptoasset exposures, classifying cryptoassets into groups based on risk and conditions, and setting capital, liquidity, exposure, disclosure and infrastructure-risk treatment. Note: SCO60 is not self-executing domestic law; effectiveness depends on implementation by national Basel member jurisdictions.
PCMLTFA Regulations — virtual-currency reporting and travel-rule amendments
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — Virtual Currency Reporting and Travel Rule Amendments
Canada's PCMLTFA virtual-currency amendments require money services businesses and foreign MSBs to report large virtual-currency transactions, apply travel-rule information requirements to covered virtual-currency transfers, and support registration, records, identity verification and compliance-programme duties. The amendments came into full force in June 2021.
