While Turkey is waiting for regulations on cryptocurrencies, statements from institutions continue to come.
According to the news of Bloomberg HT, the Banking Regulation and Supervision Agency (BDDK) sent a letter to banks, stating that maximum sensitivity should be shown to prevent the resources obtained from loans from being taken out of crypto assets or the banking system.
Although it was stated that the article in question was seen by Bloomberg HT, it was not shared in the news.
It is not known what the BRSA means by “maximum sensitivity”. In addition, it remains unclear how banks will act to prevent the resources obtained from loans from being taken out of crypto assets or the banking system.
In the letter sent to the banks, it was requested to show the same sensitivity in terms of all loans, including the overdraft accounts to be extended to all individual and corporate loan customers.
A similar warning has come before, and the credit risks of those who make transactions from banks are covered, the demand for cash withdrawals above reasonable levels, and without a concrete and reasonable justification for the purpose of the support, it has been determined by another bank and intermediary institution or on valid documents and in compliance with the legislation. It was stated that sensitivity should be shown in items such as transferring abroad, except for the payment of imports.
With the last warning, crypto assets are also included in this scope. We will be following what kind of method banks will follow after this article.