Get all your news in one place.
100's of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Turkish Unit of Crypto Exchange Binance Fined, News Agency Says

Representation of cryptocurrency Binance Coin, the native token of the cryptocurrency exchange, is seen in this illustration taken November 29, 2021. (Reuters)

Turkey's Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency said on Saturday.

The fine imposed on BN Teknoloji was the first of its kind after the authority took on responsibilities to oversee crypto asset service providers in May, the state-owned news agency said, without elaborating on the violations or inspections.

A Binance spokesperson said the company did not discuss publicly its communications with the authorities and regulators. MASAK could not be reached for comment at the weekend.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Stephen Colbert and son will co-write a 'Lord of the Rings' movie
Stephen Colbert, famous devotee to J
The Independent UK
The Independent UK
I Watched The Beauty Season 1 Finale, And Here's Why I Loved One Twist
It has finally sparked my attention.
Cinemablend
Cinemablend
Doctors Are Raising Alarms About Synthetic Vitamins in 2026
Many people reach for a multivitamin every morning thinking they perform a massive favor for their body. We often grew up believing that a daily pill served as the ultimate insurance policy against a poor diet. However, a growing number of medical professionals now sound the alarm about the supplements…
Budget and the Bees
Budget and the Bees
Stephen Colbert to co-write new Lord Of The Rings film
Colbert, known for hosting The Late Show With Stephen Colbert, partnered with filmmaker Sir Peter Jackson to write a new film for the franchise.
Evening Standard
Evening Standard
10 Years Later, The DCEU’s Strangest Moment Reveals A Fascinating Comic Book Retcon
The oddest part about 'Batman v Superman' is all about the twist that saves the day. Why do two moms have the same name?
Inverse
Inverse
Why is the US so expensive? Everything comes in a ‘premium’ version, from doctors’ appointments to movies
Want a good view of the cinema screen? You’ll need to sign up to the VIP scheme. A quick chat with your doctor? An extra $50,000 will let you jump the queue, writes Arwa Mahdawi
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play