BDDK warns of credit shift to crypto assets.
According to the news reported by Bloomberg, the Banking Regulation and Supervision Agency (BDDK) sent a letter to the banks. In the aforementioned article, it was stated that in terms of all loans to be extended to all individual and corporate loan customers, it was stated that maximum sensitivity should be shown to prevent transactions aimed at removing the resources obtained through loans from crypto assets or the registered banking/capital market.
https://twitter. com/BloombergHT/status/1465678625055911940
The BRSA had previously warned its loan customers to use loans other than their current or near-term needs. The institution also deals with foreign exchange and gold transactions, time deposits, repo, stocks, etc. He also wanted to be sensitive about investments aimed at providing financial returns. With the last article, crypto assets were added to the transactions for which sensitivity is sought within the scope of loans.