May 14, 2025
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CMB has started action to block 39 sites that offer leveraged transactions

  • May 3, 2024
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Capital Markets Council (CMB), any on the internet without permission He tried to fight against sites that conduct forex trades. In this context, we regularly saw action taken

Capital Markets Council (CMB), any on the internet without permission He tried to fight against sites that conduct forex trades. In this context, we regularly saw action taken against such sites.

Now a new development has occurred in this area. The CMB’s bulletin published yesterday announced that action had been taken against many sites found to be carrying out unauthorized transactions.

Access to 39 sites is blocked

Following its investigation, the Council 39 websites were active without permission Has detected. It was reported that it had been decided to take action in accordance with the fourth paragraph of Article 39 of the Capital Markets Act to block access to these sites, as you can see above. CMB’s full statement reads as follows:

For persons living in Turkey Leveraged transactions took place abroad via the Internet “It has been decided to take the necessary legal action in accordance with the fourth paragraph of Article 99 of the Capital Markets Law to block access to the websites identified and whose addresses are listed.”

The article mentioned in the Capital Markets Act that made it possible to make the decision reads as follows: “In the event that information is obtained that money is being raised from the public through crowdfunding platforms without the consent of the board or that leveraged transactions and transactions in derivatives that have been determined to be subject to the same provisions as leveraged transactions abroad are carried out via the Internet for residents in Turkey blocks the Information Technology and Communications Authority, at the request of the administration, from accessing the relevant website.”

Source: Web Tekno

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