Turkey Seizes Control of Crypto Company Suspected of Money Laundering
Authorities in Istanbul seize crypto asset company in Turkey – home to one of the largest cryptocurrency markets – as well as 15 other companies suspected of laundering the assets of criminals.
The Istanbul prosecutors’ office announced on Friday that the COINO Crypto Asset Platform and 15 other companies have been seized on charges of money laundering, and 17 suspects detained.
It said the cryptocurrency company was used as intermediary in the laundering of criminal proceeds “belonging to the suspects and their relatives, which were considered to have assets originating from crime [and] were seized by the decision of the Istanbul Criminal Court of Peace.”
The prosecutors’ office said that the…
