Türkiye in Turkey crypto currency A new arrangement, which directly concerns its users, will enter into force on April 25th. Financial Crimes Investigation Board (MASAK) The crypto currency exchanges operating in Türkiye with the arrangement brought by all users will demand that they complete the authentication process. The initiative is the continuation of the steps taken to launder crime income and to prevent the financing of terrorism. With the new legislation, users who do not confirm their identity until April 25 stock market accountsNa access will be temporarily restricted.
The process official starts on April 25
In Türkiye Crypto Money MarketWhile the legal framework becomes clear, crypto currency exchanges are firmly controlled by the arrangements applied under the leadership of MASAK. As it is known, after the general crypto currency principles published last year, additional rules based on the fight against crime income in December entered into force. In this context, 15 thousand Turkish Liras (TL) and on the crypto currency transfers of user information was made compulsory.
In the new period, users who want to trad on stock exchanges will have to verify their identities in full and correctly. With this application, which will enter into force as of April 25, users have to document their identity by selfie method and enter the system of profession and address information. All account functions will be stopped, including deposit-outputs.
Treasury and Finance Minister Mehmet Simsek He also emphasized that serious sanctions will be applied for platforms that did not comply with the rules.
“No transaction without verification” warning from the stock market representatives
BİNANCE TR General Manager Mücahit DönmezIn his assessment of AA, the new identity authentication system is vital in terms of the security and legal harmony of users, he said. Stating that users were directed to the renewed verification screens in the process initiated as of February 25, Dönmez said that it is mandatory to install a document. In particular, the entry of address and professional information is a must for legal obligations.
Bybit Türkiye Country Manager Kutluhan Akçın users were informed by video interview method during the identification. Stating that the identity information declared by the user is confirmed live, Akçın reminded that the accounts of those who do not do the authentication until April 25 will be suspended.
Emphasizing that open positions can be closed and all transaction powers for accounts will be temporarily restricted, Akçın called on the users to complete the necessary procedures for authentication as soon as possible.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
