BRSA Issues ‘Cryptocurrency’ Warning to Banks

Banking Regulation and Supervision Agency, with the letter it sent to the banks, the loans given by the banks; to crypto assets or registered capital market In order to prevent its use in processes for removing it from the system, sensibility demanded to be shown.

The BRSA had previously warned banks that it is necessary to make frequent checks to ensure that banks do not carry out transactions contrary to the purpose of using credit. of the BRSA to the actions it warns, crypto asset transactions have also been added.

BRSA warns banks

BRSA, banks, credit inspections sensibility invited to show The relevant section of the letter sent by the BRSA to the Banks Association of Turkey and the Participation Banks Association of Turkey was as follows: In addition to the above-mentioned activities, in terms of all loans, including overdraft accounts to be extended to all individual and corporate loan customers, the resources obtained with the aforementioned loans, to crypto assets or registered banking/capital market in transactions for removing money from the system prohibition of useby china banks showing maximum precision is deemed necessary.

Banking Regulation and Supervision Agency, in April 2020, foreign exchange and gold transactions, time deposits, repo, stocks, etc. financial return investments to provide high cash withdrawal requestabroad, to a different bank and intermediary institution, without reasons suitable for the purpose of the credit support, such as imports. of the transfer sensitivity in making should had stated.