Banking Regulatory and Supervisory Authority Warns on Loans and Cryptocurrency Investment

According to the news of Bloomberg HT, the Banking Regulation and Supervision Agency warned banks to invest in crypto money with loans and remove the said money from the banking system.

In the document submitted by the BRSA to the Banks Association of Turkey and the Participation Banks Association of Turkey, which Bloomberg HT claims to have examined:

“In terms of all loans, including overdraft accounts to be extended to all individual and corporate loan customers, it is deemed necessary by banks to show maximum sensitivity in order to prevent the use of the resources obtained with the said loans in crypto-assets or in transactions aimed at issuing money out of the registered banking/capital market system.”

includes warnings.

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