Turkey Revokes Operating License of Iran's Mellat Bank Amid US Economic Pressure Campaign
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11 Articles
Turkey revokes Mellat Bank’s license amid US pressure on Iran
Turkey's move may signal increased geopolitical tension and economic isolation for Iran, potentially affecting regional stability and leadership. The post Turkey revokes Mellat Bank’s license amid US pressure on Iran appeared first on Crypto Briefing .
The Banking Regulation and Supervision Board (BDDK) has decided to revoke the operating license of Bank Mellat's Istanbul Türkiye Central Branch, which is based in Iran.
The Banking Regulation and Supervision Agency (BDDK) has revoked the operating license of Iran-based Bank Mellat in Turkey. The decision, published in the Official Gazette, is based on Article 71 of the Banking Law No. 5411, which states that "the continuation of the bank's operations poses a threat to the rights of depositors and the security and stability of the financial system." Bank Mellat, which had three branches in Istanbul, Ankara, and …
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