Central Bank of the Republic of Turkey Revokes Parakolay's Operating License
According to the communiqué published in the Official Gazette, the company's electronic money institution license was terminated pursuant to the relevant article of the law.
The Central Bank of the Republic of Turkey announced that the operating permit of Parakolay Elektronik Para A.Ş. as an electronic money institution has been revoked.
Operating License Revoked
The Central Bank of the Republic of Turkey made a significant decision regarding Parakolay Elektronik Para A.Ş., officially announcing that it has revoked the company's operating license.
Published in the Official Gazette
The decision in question was announced to the public via a communiqué published in the Official Gazette, and the relevant legal bases were explained within the text.
Relevant Article of the Law Enforced
It was reported that the revocation decision was taken in accordance with the eighth paragraph of Article 21 of the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.