Turkey's regulator has conducted an inspection of Binance
It resulted in a $750 000 fine for the local stock exchange unit
27.12.2021 - 08:40
595
1 min
0
What’s new? As reported by the Reuters international agency, the Turkish authorities have conducted a large-scale inspection of the Binance trading platform. Based on its results, it was decided to fine the exchange for $750 000.
What violations were found? According to the representatives of the Financial Crimes Investigation Board (MASAK) of Turkey, the exchange had not complied with the regulator's reporting requirements. For example, the local laws require the crypto trading platforms to notify MASAK of transactions over 10 000 lira.
The Binance Turkey representatives responded to the news of the fine with a statement, saying it intends to comply with the laws and continue to build a sustainable, healthy, and secure ecosystem for the Turkish market operation.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$65 873
BTC
-0.81%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.14
XRP
-1.03%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.072581
DOGE
-1.26%
-
Zcash
$512.48
ZEC
-3.37%
-
Cardano
$0.17453
ADA
+0.52%
-
Stellar XLM
$0.187165
XLM
-2.63%
-
Polkadot
$3.32
DOT
+5.27%