• 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

9 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

US Music Festivals Continue to Operate Without Crypto Integration

chest

US music festivals like Vibe Fest and Vibes Music Festival are not integrating crypto technologies.

user avatarTomas Novak

Coinbase Set to Launch Perpetual-Style Futures for Altcoins

chest

Coinbase will introduce US perpetual-style futures for altcoins starting December 15, allowing traders to hold positions indefinitely.

user avatarKenji Takahashi

Challenges Ahead for Sui ETF Approval

chest

The SEC's review process poses significant challenges for the approval of the Sui ETF.

user avatarMaya Lundqvist

Potential Benefits of Grayscale's Sui ETF

chest

Grayscale's submission of an S1 registration statement for a Sui ETF is a formal request to create a publicly traded fund. If approved, this ETF would provide several key benefits, including accessibility for retirement accounts, enhanced legitimacy for institutional trust, and increased liquidity for SUI trading.

user avatarKaterina Papadopoulou

New Vaults Launching on Solana for Real-World Asset Yields

chest

Plume is onboarding five established Nest vaults to the Solana ecosystem, backed by major traditional finance names.

user avatarLeo van der Veen

Leveraging Real-World Asset Yields on Solana

chest

An exciting development for Solana users as Loopscale plans to launch a feature allowing users to leverage their Nest vault tokens for potential greater returns, while also increasing associated risks.

user avatarLi Weicheng

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.