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Turkey wants 40,000-year prison sentences for leaders of cryptocurrency exit scam

21 suspects are wanted for their involvement in a defunct Turkish cryptocurrency exchange. If the prosecution gets its away, the suspects will each be given massive sentences exceeding 40,000 years. For the culprits accused of operating Thodex (a defunct cryptocurrency exchange), prosecutors are seeking sentences up to 40,564 years. According to Demiroren via Bloomberg, the […]

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Cryptocurrency exchange Binance fined in Turkey over AML failings

Binance Turkey, part of the Binance global cryptocurrency exchange company, has been fined eight million lire (nearly $750,000) by the Financial Crimes Investigation Board (MASAK). The exchange failed an audit of the financial watchdog for anti-money laundering (AML) compliance. MASAK, Turkey’s financial intelligence unit, found Binance’s Turkey operations guilty of breaking laws to prevent money […]

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