• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Withdrawals Misclassified as Rental Income on Binance TR

user avatar

by Giorgi Kostiuk

10 months ago

Users of the cryptocurrency exchange Binance TR discovered that their withdrawals to bank accounts appeared as rental income on the e-Government platform, causing confusion.

Withdrawal Accounting Issue

Certain users of Binance TR, the Turkish branch of the Binance exchange, noticed that their withdrawals to bank accounts were recorded as rental income. This raised concerns over possible tax implications.

Response from Binance TR

Binance TR issued a statement informing its users that the issue is not related to their platform. The exchange is in contact with relevant authorities to clarify the situation.

Dear Users, we are aware of the confusion regarding tax information on crypto investments. We would like to state that this situation is not caused by our platform. We are in contact with the relevant institutions to clarify the issue.Binance TR

Statement by Revenue Administration

The statement from the Revenue Administration echoed the awareness of the occurring confusion and the need for resolution. It included similar information as the Binance TR statement, confirming that the exchange is not responsible for the situation.

While the issue of withdrawals being misclassified as rental income continues to perplex Binance TR users and poses potential tax ramifications, both Binance TR and tax authorities are working towards a resolution.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

UXLINK Announces Strategic Pivot for 2026

chest

UXLINK announces a strategic pivot for 2026, shifting focus from social infrastructure to large-scale value realization through AI-powered markets and expanded financial ecosystems.

user avatarTenzin Dorje

UXLINK Maintains Infrastructure Role Amid Strategic Shift

chest

UXLINK will continue to serve as an infrastructure provider for Web3 projects while pursuing new value creation initiatives in 2026.

user avatarAisha Farooq

UXLINK to Launch UXPredict and Expand PayFi Ecosystem

chest

UXLINK plans to launch UXPredict, an AI-based social prediction market, and expand its PayFi ecosystem in 2026, targeting economic benefits from social interactions in Asia.

user avatarLi Weicheng

OnChain Connectivity Identified as Key to Web3 Neobanks' Success

chest

The 071Labs report emphasizes that onchain connectivity is a decisive factor for the success of Web3 neobanks, enabling seamless integration with blockchain networks and decentralized applications.

user avatarBayarjavkhlan Ganbaatar

Investor Strategies Shift Amid Market Volatility

chest

Investors are adapting their strategies to shorter holding periods and quicker profit-taking due to increased market volatility.

user avatarElias Mukuru

MYX Achieves Exceptional Returns Amid Market Downturn

chest

MYX has reported a staggering return of 2,103 times its initial sale price, showcasing its strong performance despite a challenging market environment.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.