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According to reports, Turkish President Recep Tayyip Erdo?an announced that the country’s cryptocurrency law is “ready” and will submit it to Parliament “without delay”. At the same time, it is reported that the Turkish Financial Crime Investigation Commission (MASAK), which is responsible for overseeing cryptocurrency exchanges, fined Binance Turkey for violations discovered during the inspection of its liability.
Turkish cryptocurrency law “ready”
According to ABC Gazetesi, Turkish President Recep Tayyip Erdo?an (Recep Tayyip Erdo?an) said in a meeting with reporters on Friday that the country’s cryptocurrency laws are in place. In providing information on encryption legislation, Erdogan said:
The law is ready and we will send it to the parliament as soon as possible.
After Erdogan’s announcement, the state-owned Anadolu News Agency reported on Saturday that the Turkish Financial Crime Investigation Commission (MASAK) had imposed 8 million liras on Binance’s Turkish Exchange for violations found in a liability inspection. (751,314 USD) fine. Without providing more details, Anadolu elaborated:
The fine for BN Teknoloji is the first such fine since the agency was responsible for overseeing crypto asset service providers in May.
Binance Turkey subsequently issued a statement, emphasizing that it “openly” communicates and cooperates with regulators. The exchange added that it “actively follows the ever-changing policies, rules and laws in this new field.” In addition, Binance Turkey stated that it is committed to “creating a sustainable, healthy and safe ecosystem”.
In September, President Erdogan stated that Turkey is “In the war“With cryptocurrency. In addition, Binali Y?ld?r?m, vice chairman of the Justice and Development Party (AK Party), said: “Unfortunately, cryptocurrency has also opened the door to dissatisfaction. Therefore, this is something that needs to be carefully controlled. “
In May, Turkey released some rule After conducting fraud investigations on several cryptocurrency exchanges-Thodex and Vebitcoin-the cryptocurrency trading platform in the official gazette.The Central Bank of Turkey also prohibit Use cryptocurrency to make payments.
What do you think of President Erdogan’s statement and Binance’s fine of 8 million lire? Please let us know in the comments section below.
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