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The operations of 3 electronic money organizations were canceled

February 21, 2026
in Finance

The operations of 3 electronic money organizations were canceled

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Central Bank (CBRT); It canceled the operating licenses of cryptocurrencies and payment institutions named Fzypay, Klon and TTM.

The Central Bank of the Republic of Türkiye has canceled the operating licenses of three payment and electronic money institutions with three separate announcements published in today's Official Gazette.

 

In the announcement, the operating licenses of Fzypay Electronic Money and Payment Services Inc., Klon Payment Enterprises Inc. and TTM Electronic Money and Payment Services Inc. was annulled by the decision of February 18. It is stated that the decisions were made within the scope of Law No. 6593 on Securities and Settlement Settlement Systems, Payment Services and Electronic Money Institutions.

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