Banks in Turkey will no longer offer credit and credit card services to customers involved in transactions related to betting platforms, informal money flows, and related activities. This move reshapes the stance of financial institutions towards crypto assets and high-risk transactions. An important signal for industry participants: the bridge between the traditional banking system and Web3 is becoming increasingly rigid. Users who do not comply with compliance and KYC standards will face greater obstacles in accessing financial services.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
Fren_Not_Foodvip
· 01-09 12:00
Turkey's recent move directly cut off gambling platforms and gray industry, and banks are refusing to provide services... This is the true attitude of traditional finance. Web3 wants to connect to mainstream finance? First, learn to abide by laws and regulations; there's no room for speculation and shortcuts. The KYC threshold is too harsh for small investors... But from another perspective, standardization might be the only way to survive long-term. This is the reality. Without compliance, don't expect to have a good time with the mainstream institutions. Turkey's banks are starting to get serious; it seems traditional finance's tolerance for the crypto space has really reached its limit.
View OriginalReply0
YieldHuntervip
· 01-09 11:54
technically speaking, turkey just nuked the on-ramp. banks cutting off degenerates doing sketchy stuff is the most predictable move ever, if you look at the data on regulatory crackdowns. not even surprised tbh. compliance tightening = liquidity drying up real quick, correlation coefficient through the roof fr
Reply0
MerkleDreamervip
· 01-09 11:47
Turkey's recent move is quite aggressive; banks are directly banning customers involved in gambling and gray-area transactions, and the crypto community is taking a hit again.
View OriginalReply0
AirdropHunterWangvip
· 01-09 11:38
Turkish banks are really ruthless, directly choking off the supply.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)