Due to the volatility experienced in various assets such as gold and dollars during the past week, people have tried to invest by taking loans. While the number of those who implemented such a transaction was increasing rapidly, a warning letter came to the banks from the Banking Regulation and Supervision Agency (BDDK). Cryptocoin. com we are conveying the details…
Gold, crypto and dollar investors are now signing commitments
BRSA; issued a warning to those who took out loans and bought dollars, cryptocurrencies and gold. According to the memorandum of the BRSA, banks that follow up on loans require customers to sign a letter of undertaking. By signing the aforementioned undertaking, customers agree that they will not “take any action against their purpose” with the loan they have drawn, and that they will not “hold the bank responsible” in case of detection. So, what are among these “unlawful transactions”?
Among the transactions contrary to the Commitment, transactions such as “foreign exchange and gold purchase transactions, time deposits, repo, investments to provide financial returns such as stocks”, “transfer abroad”, “closing other undue credit risks”, as well as “crypto assets” ” is included. Banks, on the other hand, process the aforementioned undertaking in order not to be penalized in order to show that they have no responsibility in case the customers take out loans and perform these transactions. However, can it be easily revealed how the customer’s credit is used? It is thought that this determination will not be as easy as it seems.
On the other hand, there is an interesting forward-looking statement in a contract signed by a bank to those who open a currency-protected TL time deposit account. “Amendments to be made in the legislation during the contract period will automatically be applied to the contract. You have accepted that there may be changes in accordance with the explanations and regulations to be made by the Ministry of Treasury and Finance and other institutions after the date of this contract.