Million Penalty from MASAK to 4 Big Turkish Cryptocurrency Exchanges

The Financial Crimes Investigation Board (MASAK) imposed an administrative fine of 18 million 800 thousand liras on crypto asset service providers Bitci Teknoloji AŞ, Icrypex Bilişim AŞ, Paribu Teknoloji AŞ and Eliptik Yazılım ve Ticaret AŞ (BTC Türk).

Anadolu Agency (AA) February 17 According to the news dated MASAKto 4 crypto-asset service providers 18 million 800 thousand lira in total imposed a fine.

crypto asset service providers, May 1, 2021 since number 5549 He was determined as liable under the “Law on the Prevention of Laundering Proceeds of Crime”.

In this direction MASAKpublished a guide on crypto service providers on its website and the obligations of these companies. recognition of the customer, suspicious transaction reporting, information and document submission, continuous informing, preservation and submission had determined.

As a result of the inspections Bitci Teknoloji AŞ, Icrypex Bilişim AŞ, Paribu Teknoloji AŞ and BTC Türk 2021 in the year violations of obligations with regard to MASAK, 2022 to these service providers in imposing a fine decided.

In this context MASAK by About Bitci Teknoloji AS 4 million 250 thousand lirasto Icrypex Bilişim AŞ 4 million 100 thousand lirasto Paribu Teknoloji AS 8 million lirato BTC Turk 2 million 450 thousand liras a total of 18 million 800 thousand liras administrative fine was imposed.

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