{"id":49772,"date":"2025-07-07T10:49:33","date_gmt":"2025-07-07T10:49:33","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=49772"},"modified":"2025-07-07T10:49:33","modified_gmt":"2025-07-07T10:49:33","slug":"crypto-regulation-overhauled-sct-increase-on-alcohol-and-tobacco-implemented","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/crypto-regulation-overhauled-sct-increase-on-alcohol-and-tobacco-implemented\/","title":{"rendered":"Crypto Regulation Overhauled &amp; SCT Increase on Alcohol and Tobacco Implemented"},"content":{"rendered":"<p><strong>In March 2025, the Capital Markets Board issued Communiqu\u00e9s III\u201135\/B.1 and B.2, introducing licensing requirements for Crypto Asset Service Providers. These regulations mandate minimum paid-in capital of TRY\u202f150\u202fmillion for exchanges and TRY\u202f500\u202fmillion for custodians, alongside internal compliance roles and full AML\/KYC structures. Licensing is expected to be effective from 30 June 2025, with full compliance due by December 31, 2025.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>Additionally, in December 2024, the Anti-Money Laundering Law was amended to incorporate the FATF Travel Rule and formal ID verification for crypto transfers above TRY\u202f15,000. In June 2025, regulators further capped stablecoin transactions at USD\u202f3,000\/day and USD\u202f50,000\/month, and introduced 48\u201172-hour withdrawal waiting periods. A proposed crypto transaction tax remains under discussion, but no implementation date has been announced.<\/p>\n<p>Furthermore, effective 3 July 2025, Special Consumption Tax rates on alcoholic beverages and tobacco automatically increased by 13.76%, in accordance with the semi\u2011annual Producer Price Index under Article\u202f12 of Law\u202fNo.\u202f4760. For instance, Special Consumption Tax\u00a0\u00a0 on pure alcohol is now over TRY\u202f1,428\/litre, and typical 70\u202fcl bottles of rak\u0131 are expected to see a retail price increase of approximately TRY\u202f60, with cigarette prices rising by at least TRY\u202f10 per pack.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-49772","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/49772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=49772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}