Turkish authorities fine local unit of crypto exchange Binance – Anadolu news agency
ISTANBUL (Reuters) – Turkey’s Financial Crimes Investigation Board (MASAK) has fined the local unit cryptocurrency exchange Binance 8 million lira ($751,314) over violations found all through obligation inspections, the state-owned Anadolu news agency reported on Saturday.
Anadolu said the fine imposed on BN Teknoloji was the first of its type after the authority took on obligations to oversee crypto asset service suppliers in May. The news agency did not current further particulars in regards to the violations or inspections.
BN Teknoloji did not immediately reply to an emailed request for comment on the weekend, whereas MASAK could not be reached for comment.
($1 = 10.6480 liras)
(Reporting by Ezgi Erkoyun; Editing by Pravin Char)
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