The Central Bank of Turkey (TCMB) Has Revoked Parakolay's Operating License.
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The Central Bank of the Republic of Turkey has revoked Parakolay's operating license as an electronic money institution. The decision was published on October 10th, raising questions about how users' account balances will be protected and how the refund process will proceed.
The Central Bank of Turkey (TCMB) has decided to revoke the operating license of Parakolay Elektronik Para A.Ş.
According to the decision published in the Official Gazette, the electronic money institution license granted to Parakolay Elektronik Para A.Ş. in 2022 has been completely terminated. Published in the Official Gazette dated October 10, 2026, and numbered 33396...
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