Security Alerts & News
by Tymoteusz A. Góral

History
#854 PayPal to pull out of Turkey following license denial
PayPal has announced the suspension of its business operations in Turkey as of 6th June, citing failure to obtain a new license for its service in the country.

Turkey has made recent efforts to promote its own domestic tech sector, advancing censorship laws and other regulation to push large international companies out of the market. PayPal, as the latest victim on this trail, posted a statement [Turkish] on its local Turkish website today: “PayPal’s priority has always been its customers. However, a local financial regulator has denied our Turkish payments license and we have had to regretfully comply with its instruction to discontinue our activities in Turkey.” [Roughly translated from Turkish]
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#854 PayPal to pull out of Turkey following license denial
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