{"id":141686,"date":"2024-11-08T09:30:53","date_gmt":"2024-11-08T07:30:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141686"},"modified":"2024-11-07T19:41:21","modified_gmt":"2024-11-07T17:41:21","slug":"turkish-bank-halts-crypto-services-following-new-regulatory-law","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/turkish-bank-halts-crypto-services-following-new-regulatory-law\/","title":{"rendered":"Turkish Bank Halts Crypto Services Following New Regulatory Law"},"content":{"rendered":"<p>This law grants the Capital Markets Board (CMB) the authority to oversee cryptocurrency service providers. In response, the CMB published a temporary list in early August detailing institutions that would cease operations and those that would continue in the crypto space.<\/p>\n<p>Among the institutions listed was QNB, a prominent Turkish bank, which had announced plans to operate its crypto services under the brand \u201cQNB Digital Assets.\u201d<\/p>\n<p>However, as of November 7, 2024, QNB Digital Assets officially ceased its cryptocurrency activities. While the company did not provide specific reasons for the decision, it issued a statement confirming the termination of services.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-141583\" href=\"https:\/\/cryptodnes.bg\/en\/heres-the-most-likely-choice-to-drive-crypto-regulation-change-at-the-sec\/\" title=\"Here\u2019s the Most Likely Choice to Drive Crypto Regulation Change at the SEC\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/SEC-2-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here\u2019s the Most Likely Choice to Drive Crypto Regulation Change at the SEC<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The statement clarified that no new customers would be accepted starting from the specified date. It also mentioned that all accounts on the platform would be closed by December 9, 2024. For any inquiries during this transition, users were advised to contact the company via email.<\/p>\n<p>Additionally, QNB Digital Assets assured that personal data associated with customer accounts would be retained for 10 years in compliance with legal requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In July 2024, Turkey implemented the &#8220;Law on Amendments to the Capital Markets Law,&#8221; commonly referred to as the &#8220;cryptocurrency law,&#8221; marking a significant step in the country&#8217;s efforts to regulate the digital asset sector.<\/p>\n","protected":false},"author":3,"featured_media":23024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22,25],"tags":[424],"coin_category":[],"class_list":["post-141686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","category-regulations","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Turkish Bank Halts Crypto Services Following New Regulatory Law<\/title>\n<meta name=\"description\" content=\"In July 2024, Turkey implemented the &quot;Law on Amendments to the Capital Markets Law,&quot; commonly referred to as the &quot;cryptocurrency law,&quot; ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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