Turkey will be the last country to participate in the performance of global bank account

Turkey has become the newest country that starts to square on bank accounts, but it does not stop there because crypto is also in the shooting line.

The Turkish government is the preparation of legislation to expand the powers of its financial crime watchdog, Masak, so that it can freeze and limit access to bank and cryptocurrency accounts.

The bill is designed to curb money, fraud and “rented” bills used for illegal gambling, Bloomberg reported On Monday, with reference to anonymous sources.

Intergovernmental Watchdog, the Financial Action Task Force (FATF), has issued anti-money laundering practices, with Turkey being removed from its “gray list” in June 2024.

Crypto accounts targeted

If adopted, the legislation would enable Masak to close bank accounts, impose transaction limits, suspend mobile banking and suspend crypto on the blacklist that it considered it compared to crime compared.

The new law is also aimed at “rented accounts” or “mule accounts”, these are accounts that criminals pay individuals to use for activities such as illegal gambling, financial fraud or fraud.

Crypto trade remains legally in Turkey, but the government makes the regulations and control. In July, Turkish financial supervisors blocked access to various crypto platforms that offer ‘unauthorized’ digital assets services, including the pancake swap decentralized exchange.

Turkey is not the only country that tightens the control over bank accounts.

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In November, the Indian authorities frozen 450,000 mules of mule accounts that they suspected were linked to money laundering and cyber fraud.

In April, Nigeria freeze Hundreds of bank accounts that the suspected were involved in “suspicious forex flows”. Ethiopian authorities have also recently focused on bank accounts that are linked to alleged illegal exchange rate activities.

Asia’s large bank performance

Banks in Thailand and Vietnam have recently freezing innocent human accounts if they fall victim to a huge mule account dragnet.

This year Thailand frozen no fewer than 3 million bank accounts, many of which were innocent citizens or companies, because the country is struggling with an endemic of a scam call center. The country has also imposed strict transfer limits, Personal KYC for all mobile bank apps, and has debit foreigners.

The Bank of Thailand just froze 3 million bank accounts at night and covered transfers at $ 1.3k – $ 5.5k/day to fight scam.

You can’t freeze Bitcoin. pic.twitter.com/j4pztyd6cc

– Sasha Hodder (@sashahodler) September 14, 2025

Thailand also blamed Crypto for his abnormally strong currency, but this cannot be further from the truth, because trade volumes in the Kingdom are small and crypto is forbidden for payments.

Earlier this year, Singapore competent Police to freeze bank accounts in a scam. At the beginning of September, Vietnam freeze 86 million bank accounts for non -compliance with new biometric requirements.