The proposed reforms, according to sources who spoke to Bloomberg, would extend Masak’s anti-money laundering (AML) jurisdiction to include both crypto and fiat accounts. On approval, Masak will have the authority to freeze or close accounts suspected of illicit use across payment systems, electronic money institutions, banks, and cryptocurrency exchanges. Turkey moves to clamp down on rented crypto accountsThe main focus of the legislation is to curb the rise of so-called “rented accounts” — accounts that criminals pay individuals to use for activities such as illegal gambling or financial fraud. Turks turn to crypto as Lira’s crisis fuels digital asset adoptionCryptocurrency adoption in Turkey has been steadily increasing for some time. According to the latest Chainalysis Global Crypto Adoption Index, released in September, this increase is supported by the growth of centralized retail platforms and the growing presence of institutional crypto services in the country.