• 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

a year 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

Kalshi's Washington Expansion Aims for Regulatory Clarity

chest

Kalshi's new office in Washington aims to clarify the legal status of prediction markets and engage with regulatory bodies for approvals.

user avatarMaya Lundqvist

John Bivona Joins Kalshi to Lead Government Affairs

chest

Kalshi has appointed John Bivona, a former White House liaison, to lead its government affairs team as part of its lobbying strategy.

user avatarLeo van der Veen

James Lavish Warns of Global Debt Spiral and Currency Risks

chest

James Lavish warns of a global debt spiral and currency risks, highlighting Japan's loss of control over long-term bond yields and predicting US Treasury intervention.

user avatarAisha Farooq

Global Markets Brace for Turbulent Week Amid Shutdown Risks

chest

Global markets are bracing for a turbulent week due to potential US government shutdown, rising tariffs, and geopolitical tensions.

user avatarBayarjavkhlan Ganbaatar

Top US Banks Embrace Bitcoin Services

chest

More than half of the top US banks are now offering or planning to offer Bitcoin-related services.

user avatarTenzin Dorje

Trump Family Ventures into Bitcoin Mining and Infrastructure

chest

The Trump family, led by Eric Trump, is venturing into Bitcoin mining and infrastructure through the co-founding of American Bitcoin, focusing on utilizing surplus energy for large-scale operations in West Texas.

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.