Inside the scope of regulatory efforts relating to cryptocurrencies in Turkey, the “Regulation on Amendments to the Capital Markets Regulation” numbered 518, identified to the general public because the “cryptocurrency regulation”, entered into power in the beginning of July upon its publication within the Official Gazette on 02.07.2024.
With this regulation, the Capital Markets Board (CMB) was given the authority to manage and supervise cryptocurrency service suppliers, and on August 5, it revealed a brief listing of establishments that declared that they’d liquidate their actions and establishments that declared that they’d proceed their actions.
QNB, one of many main banks working in Turkey, was additionally on this listing. Within the software made to the CMB, QNB said that it will current its cryptocurrency actions underneath the title QNB Digital Belongings.
Nevertheless, QNB Digital Belongings Joint Inventory Firm introduced in the present day that it has terminated its crypto asset service offering actions as of 07/11/2024.
QNB Digital Belongings, which didn’t specify a motive for the termination of cryptocurrency actions, included the next statements in its assertion:
“Hiya,
As QNB Digital Belongings Company (QNB Digital Belongings), we want to inform you that we’ve got terminated our crypto asset service offering actions as of 07/11/2024, that we’ve got declared to the Capital Markets Board on this context, and that we are going to not be accepting new clients as of the mentioned date.
On this context, your account on the QNB Digital Belongings platform will probably be closed on 09/12/2024.
We want to state you can attain us through the e-mail deal with [email protected] throughout this course of.
Your private information processed by QNB Digital Belongings Inc. as the information controller will probably be saved for 10 years from the date your account is closed, in accordance with our authorized obligations. You’ll be able to ship your requests relating to your private information through the e-mail deal with [email protected]. You’ll be able to entry the Disclosure Textual content on the Processing of Private Information right here.
*This isn’t funding recommendation.
