Türkiye Crypto currency exchanges In the last few years, important steps have taken and legal frameworks have been created. Although we have not yet seen a new step for taxation, additional rules are being commissioned for investors using Türkiye -based stock exchanges. A new harmony guide has been published for the new obligations of the stock exchanges.
Crypto Money Rules Updated
With the amendment of the regulation announced in the Official Gazette on December 25, 2024, crypto currency exchanges were accepted as financial institutions. This, like banks, brought with it the obligation to comply with the obligations of the laundering of criminal revenues and the prevention of financing of terrorism.
Global exchanges also FATF Within the scope of the rules, the KYC requests their customers to verify during registration. In some stock exchanges, it is only seen to send documents, while some of them use methods such as face scanning, identity and video. MASAK clarified the conditions for Türkiye -based crypto currency exchanges.
In the updated communiqué, many expanded rules, including the measures to be taken in business relations with public influences, as well as the recognition of the customer and identity detection processes, are mentioned.
Video call requirement
Identity determination is one of the most important headings of the last communiqué. Crypto asset service providers become compulsory for users to identify identity in bank standards. With the video call, the casualties that the customers enter the system and that the user is the same person is now essential.
“In addition to the name, surname, date of birth, dates, dates of birth, type and number of identification certificates, address and signature sample, work and profession, phone number, fax number, electronic mail address, with this information, the TC ID number is obtained for Turkish citizens and the birthplace information is obtained for Turkish citizens. – MASAK
Name, Surname, Date of Birth, TC Identity Number (for Turkish Citizens) and the accuracy of the information about the type and number of identity document crypto currency Under the responsibility of the stock markets.
“With Article 35/C of Law No. 6362, Crypto asset service providers The contracts they will make with their customers can be written in writing, as well as the use of remote communication tools by using methods that allow the verification of the customer identity.
The method to be applied will include all of the information to be received in face -to -face identification and will be designed to contain a minimum level of risk in the confirmation of the information. In the remote identity determination, the sample of the signature will not be necessary.
In addition, the information provided by the users will have to be verified from the official database according to the warning in the Communiqué. In other words, giving incorrect information is thus prevented that the process is transformed into formality.
“The address received within the scope of identity determination and the name, surname, date of birth and Turkish ID Number information should be verified by the General Directorate of Population and Citizenship Affairs of the Ministry of Interior.
The warnings in the communiqué are so detailed that even measures to be taken against Deepfake technologies are mentioned.
“If the person’s face and the identity document can be obtained by using space communication closely, if the photo in the contactless chip cannot be taken, biometric comparison of the photo on the identity certificate should be made and additional measures should be taken to prevent the risks of false facial technology.
If the stock exchanges do not fulfill their obligations, they will face administrative fines every time.
