Cryptocurrency exchange FTX, which declared bankruptcy in the past few days, has announced that it has started giving refunds to its customers in Turkey. The Financial Crimes Investigation Commission (MASAK) of the Ministry of Treasury and Finance announced that it has launched an investigation into FTX.
MASAK: “Transactions on the FTX exchange have been suspended.”
In May 2021, an amendment was made to the Regulation on Measures Regarding the Prevention of Laundering Proceeds of Crime and Financing of Terrorism. With the change made by the Ministry of Treasury and Finance, crypto asset service providers are also included in the list of liable institutions.
Indicating that they closely follow the developments in crypto currency exchanges, the authorities announced that they are working on FTX Turkey. It was stated that other obliged parties associated with the famous cryptocurrency exchange and operating in our country were also included in the judicial review.
Transactions made through the bank, electronic money institutions and crypto asset service providers that the FTX exchange works with have been suspended for review by MASAK. Authorities also underlined that they will share the results of the investigation with judicial and administrative authorities.
FTX Turkey recently announced that it has started the return process so that users do not become victims. Sharing the application form for users to make a request, the company underlined that users who do not have registered IBAN information should fill out the form completely.
The official statement on the MASAK website is as follows:
“Recently, the news in both international and national press and media organs that a crypto asset trading platform operating on a global scale with the trade name FTX.com has failed to fulfill its obligations to its customers is well known to the public.
As it is known, with the amendment made on 01.05.2021 in the Regulation on the Prevention of Laundering Proceeds of Crime and the Financing of Terrorism, crypto asset service providers are deemed liable under the Law No. 5549 on the Prevention of Laundering Proceeds of Crime (5549 p. Kn.) and the relevant legislation. Since the said institutions have been designated as liable under the relevant legislation, our Agency has been analyzing and examining the activities of these obliged parties within the framework of the duties and authorities of our Agency. On the other hand, the transactions and activities of the obliged parties operating in our country and associated with the global crypto asset trading platform with the trade name FTX.com, which is the subject of the news in the press, were closely followed by our Agency before the news about FTX.com fell on the public agenda, and they were closely monitored and necessary. measures were taken immediately. Within the scope of these measures, an investigation was initiated within the framework of the duties and authorities given to our Presidency pursuant to the laws and regulations, before the real and legal persons with whom the global crypto asset trading platform operating under the trade name FTX.com is related. electronic money institutions, crypto asset service providers, etc. Transactions made to the accounts of obliged parties, 5549 p. Suspended under article 19/A of Kn. The investigations of our Presidency will be concluded promptly and shared with the relevant judicial and administrative authorities.
It is announced to the public with respect.”