MASAK has fined giant cryptocurrency exchanges in Turkey 18 million 800 thousand TL. The reason for the penalty was the failure of the exchanges to fulfill their obligations under the “Law on the Prevention of Laundering Proceeds of Crime” No. 5549.
serving in Turkey four major cryptocurrency exchanges There has been a remarkable development. The Financial Crimes Investigation Board (MASAK) has a total of 18 million 800 thousand TL imposed a fine. So what happened and MASAKWhy did he order such a punishment?
According to the information obtained, the crypto money exchanges that MASAK fined Bitci Technology Inc., Icrypex Bilişim A.Ş., Paribu Technology Inc. and Elliptik Yazilim ve Ticaret AS (BTC Turk). The reason for the said penalty is the Law No. 5549 on the Prevention of Laundering Proceeds of Crime. According to MASAK, these cryptocurrency exchanges are within the scope of the law. their obligations they did not fulfill.
Biggest penalty to Paribu
According to the information provided by Anadolu Agency, the biggest penalty was given to Paribu. In this context; the size of the fine imposed on the company 8 million TL was stated. MASAK to Bitci Teknoloji AŞ 4 million 250 thousand TLto Icrypex 4 million 100 thousand TLif BTC Turk 2 million 450 thousand TL fined him.
RELATED NEWS
Thousands of Lira Worth of Cryptocurrency and NFT Seized Under ‘Tax Evasion’ Case
Cryptocurrency exchanges serving in our country according to the law numbered 5549, May 1, 2021 As of date, they have entered into some obligations. In this context, recognition of customers, providing information and documents, keeping and submission for continuous information flow. suspicious transaction reportswere recorded as transactions that the exchanges had to make. According to MASAK, crypto exchanges faced the aforementioned penalty because they did not fulfill one or more of these obligations.
Source :
https://koinbulteni.com/masaktan-4-buyuk-turk-kripto-para-borsasina-milyonluk-ceza-116703.html