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Turkish unit of crypto exchange Binance fined, news agency says

Turkish authorities fine local unit of crypto exchange Binance - Anadolu news agency
Turkish authorities fine local unit of crypto exchange Binance - Anadolu news agency   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">ISTANBUL</span> -Turkey’s Financial Crimes Investigation Board (<span class="caps">MASAK</span>) 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.</p> <p>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.</p> <p>A Binance spokesperson said the company did not discuss publicly its communications with the authorities and regulators. <span class="caps">MASAK</span> could not be reached for comment at the weekend.</p> <p>($1 = 10.6480 liras)</p> </div>