• 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

Essential Steps for Transitioning to Roboadvisors

chest

A detailed guide outlines the essential steps for investors to transition their assets to a roboadvisor platform efficiently.

user avatarGustavo Mendoza

Investors Shift from DIY to Roboadvisors for Enhanced Financial Management

chest

A growing number of investors are transitioning from self-directed investing to automated wealth management solutions, recognizing the benefits of algorithmic efficiency and superior tax optimization.

user avatarRajesh Kumar

Jet Bolt Attracts Speed-Focused Traders with Utility-Driven Protocol

chest

Jet Bolt is gaining traction among traders looking for high-performance execution in fast-paced trading environments.

user avatarLuis Flores

Kraken Moves Towards Public Debut with SEC Filing

chest

Kraken has confidentially filed an S-1 with the SEC, signaling its plans for a US IPO after achieving a $20 billion valuation.

user avatarJacob Williams

Bitcoin Faces Major Outflows and Declining Institutional Demand

chest

Bitcoin's price faces a downturn as US spot Bitcoin ETFs see record outflows and institutional demand wanes.

user avatarAndrew Smith

Binance and Kraken Unveil Black Friday Promotions

chest

Major cryptocurrency exchanges Binance and Kraken have announced exclusive promotions for Black Friday 2025, featuring lower fees and new asset listings.

user avatarDavid Robinson

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.