tl;dr

Turkey is introducing new crypto regulations to bring cryptocurrency firms under the oversight of the Capital Markets Board. The move aims to ensure compliance with anti-money laundering and counterterrorism financing rules, aligning Turkish standards with the EU's framework. In response, Binance wi...

Turkey is introducing new crypto regulations to bring cryptocurrency firms under the oversight of the Capital Markets Board, aligning with EU standards. Binance will adjust its services in Turkey in response to the new regulations, gradually removing Turkish language options and ceasing direct marketing activities targeting Turkish users. The new regulatory landscape poses challenges, including significant fines for noncompliance, with administrative penalties of up to $182,600 USD and imprisonment in certain cases.

As part of the new bill introduced in May 2024, cryptocurrency firms in Turkey will be subject to licensing requirements to ensure compliance with anti-money laundering and counterterrorism financing rules, aligning with the European Union's framework. The adjustments reflect Binance's commitment to regulatory compliance and collaboration with authorities, assuring users of the security of their funds and the continued availability of deposit and withdrawal functions.

Turkey has a large base of crypto users due to the weakness of the local currency, the Turkish Lira, and the shift of local citizens into dollar-denominated crypto assets. However, the new regulatory landscape in Turkey presents challenges, including significant fines for noncompliance under the proposed bill, with administrative penalties of up to $182,600 USD for certain violations and the possibility of imprisonment in some cases.

More about Interlink Electronics Inc
Interlink Electronics Inc Summary

Interlink Electronics Inc

Interlink Electronics, Inc. designs, develops, manufactures, and sells force sensing technologies that incorporate proprietary material technology, firmware, and software into standard sensor-based products and custom sensor system solutions. The company is headquartered in Irvine, California.

Company Information

Industry: TECHNOLOGY

Sector: COMPUTER PERIPHERAL EQUIPMENT

Market Cap: $40,427,500

Dividend Yield: N/A

EPS: -0.14

P/E Ratio: 1.396

Profit Margin: -0.0677

Volume: 13,786,000

Shares Outstanding: 7,000,000

Stock Price: $21.01

Change: -0.047

More about Oceanpal Inc

OceanPal Inc. is focused on providing ocean freight services.

Industry: ENERGY & TRANSPORTATION

Sub-Industry: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT

Market Cap: 14829400

EBITDA: None

PE Ratio: None

Dividend Yield: -3.55

52-Week High: 4.196

52-Week Low: -0.162

Avg. Volume: 20756000

EPS: None

Beta: 0

Price/Sales: 0.463

Disclaimer

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 14 Nov 24
 14 Nov 24
 14 Nov 24