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Reading: CMB Cancels Applications of 64 Crypto Companies
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EdaFace Newsfeed > Latest News > Regulations, Law & Policy > CMB Cancels Applications of 64 Crypto Companies
Regulations, Law & Policy

CMB Cancels Applications of 64 Crypto Companies

vitalclick
Last updated: August 23, 2024 9:01 pm
5 months ago
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Türkiye crypto money took an important step this year regarding its regulations and this change was published in the Official Gazette. Thus, it became law and it was required that cryptocurrency companies that wanted to provide services to Turkish citizens make the necessary applications. Turkey-based companies and those that meet many collateral conditions will be able to operate in Turkey.

64 Crypto Companies Won’t Get Approval

Very popular among them crypto money platform but if you are using one of them, you must be aware that there are risks under the new regulation. Applications of 32 out of 64 companies were removed from processing. Again, applications of 32 companies were not processed. Details were given in the CMB announcement as follows. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!

“In accordance with article (2) of the section titled “Transition and Adaptation Provisions” of the Board Principle Decision numbered 42/1259 dated 08.08.2024, published in our Board’s Bulletin numbered 38 dated 08.08.2024, the applications of the following platforms have been removed from processing due to the incomplete or insufficient submission of the explanations and documents requested in articles (3) and (4) of the document list in Annex/1 included in our Board’s announcement dated 02.07.2024.

In accordance with article (1) of the section titled “Transition and Compliance Provisions” of the Board Principle Decision numbered 42/1259 dated 08.08.2024, published in our Board’s Bulletin numbered 38 dated 08.08.2024, our Board declares that it will continue its activities, however, the applications of the following platforms, which do not have any customers and/or customer storage balances as of the application date, have not been processed.”

If you want to confirm whether the platform you are using is on the list From the CMB link You can reach this page.

TürkiyeThere are currently 76 different cryptocurrency platforms operating in . Among them, Binance TROKX, İş Bankası AŞ (Custody Application), Coinbase There are many brands such as.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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