A number of prominent cryptocurrency exchanges, including KuCoin and Coinbase, have recently filed for crypto licenses in Turkey. Since August 9, when 47 exchanges, including Binance and OKX, among others, filed for the license, 29 more crypto exchanges have applied, according to the most recent update from Turkey’s Capital Markets
The USDT stablecoin’s issuer, Tether, has teamed up with BTguru, a cryptocurrency startup based in Turkey. With the help of a memorandum of understanding (MoU), these two organizations have joined forces to increase blockchain and digital assets’ use in Turkey. Educational program development and new business channel exploration in the
The Turkish authorities are considering imposing a 0.03% tax on cryptocurrency transactions. The plan is focusing on generating additional revenue as the country grapples with budget challenges following last year’s earthquakes. According to the Bloomberg report, Turkish retail investors favor this new tax on crypto trading as a hedge against
The president of Turkey, Recep Tayyip Erdogan, has added Prof. Dr. Fatma Ozkul to the panel of crypto specialists. Fatma Ozkul, a professor specializing in blockchain technology and crypto assets, has been formally selected to serve on the Monetary Policy Committee of Turkey’s Central Bank. Moreover, the appointment of Fatma
Finance Minister Mehmet Simsek told Turkey’s planning and budget committee late Tuesday that the country is in the “final stage” of introducing crypto legislation to its parliament, the last step necessary for it to be removed off the Financial Action Task Force’s (FATF) “grey list.” The “grey list” compiled by
According to a report by crypto exchange KuCoin, cryptocurrency usage is on the increase in Turkey, a nation experiencing significant inflation. Adoption rates in Turkey have risen rapidly over the last year and a half, from 40% to 52% of the population. This information was compiled by KuCoin, and is
Turkey’s central bank delivered a significant interest rate rise on Thursday, signaling a turn towards more traditional economic strategies to tackle sky-high inflation. The bank’s benchmark interest rate was increased by 6.5 basis points, to 15%. The first hike since March 2021, represents a leap from the current 8.5% but
OKX, one of the most prominent cryptocurrency exchanges, plans to launch office in Turkey within the next few months. OKX has already begun making preparations for its forthcoming growth. By having enabled Turkish Lira (TRY) deposits and withdrawals in March of this year. When a severe earthquake struck the country
Floki, the popular memecoin, has partnered with the world’s largest crypto exchange, Binance’s Charity. The partnership is to provide aid and support to the victims of the devastating earthquake that struck Turkey. Moreover, this new collaboration aims to raise funds and awareness for the ongoing relief efforts in the affected
After two years of inactivity, the founder of the defunct Turkish cryptocurrency exchange Thodex has been extradited home. Albania has deported Faruk Fatih Ozer, the CEO, and founder of the defunct crypto exchange Thodex, to Turkey. According to Anadolu Agency, Turkey’s state-run news organization, local police took the 27-year-old under
