Announcement Received About Fines From Binance TR

The crypto economy has led to very important and different changes in the concept of ‘economy’, especially in recent times. Often by users ‘the economy of the future’ although some experts disagree. Especially the crypto economy, which has problems with reliability, seems to require some regulations.

International Monetary Fund (IMF) has also called for countries to cooperate and establish a ‘common policy’ in the cryptocurrency economy in recent weeks. The first studies in this direction in our country were announced by President Erdoğan yesterday. Today, there has been another first in the crypto economy in our country. A fine of 8 million TL was imposed on Binance TR, one of the leading cryptocurrency exchanges in the economy. Binance TR made a statement on Twitter a few hours ago.

‘We actively follow and adopt the law’

With a decision taken in May this year, crypto money exchanges were now under the control of the Financial Crimes Investigation Board (MASAK). MASAK, which has published a directive for the audits to be made, ‘customer identification, suspicious transaction reporting, providing information and documents, providing information on a continuous basis, preservation and submission’ announced that it will be evaluated under its framework.

Sharing that Binance violated these obligations, MASAK imposed a penalty of 8 million TL on the platform. Making a statement on the subject on Twitter, Binance TR said that the crypto money economy, which continues to grow rapidly, is at the same time It’s a sensitive industry states. Collaborate with all government agencies in this field. jointly and within the law that they will continue.

Binance TR’s Twitter statement: