Central Bank Revokes Authorization of Parakolay Electronic Money Company
The decision, made within the framework of relevant legal regulations, was published in the Official Gazette and announced to the public.
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With a notification published in the Official Gazette by the Central Bank of the Republic of Turkey (CBRT), the electronic money institution operating license of Parakolay Elektronik Para A.Ş. has been revoked.
Decision Published in the Official Gazette
The Central Bank of the Republic of Turkey shared its decision regarding the revocation of Parakolay Elektronik Para A.Ş.'s operating license with the public through the Official Gazette.
Grounds for Revocation and Legal Basis
The decision in question was implemented in accordance with the relevant articles of Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.