Fri, March 29

Turkey Taps Specialist for Central Bank’s Crypto Policy Committee

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

December 23, 2023 2 mins read

Turkey on the Brink of Exiting FATF’s ‘Grey List’ via Crypto Legislation

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

November 1, 2023 1 min read

Turkey Sees Surge in Crypto Adoption Amid Inflation Crisis

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

September 3, 2023 1 min read

Turkey Raises Interest Rate by Whopping 15% To Combat Inflation

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

June 22, 2023 1 min read

Crypto Exchange OKX Plans to Launch New Office in Turkey

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

May 9, 2023 1 min read

Floki Partners with Binance Charity to Support Victims of the Turkish Earthquake

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

April 28, 2023 1 min read

Fugitive Thodex Exchange Founder Extradited Back to Turkey From Albania

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

April 24, 2023 1 min read

Floki Launched NFT Sale to Support Turkey Earthquake Relief

The Floki ecosystem is added to the list of significant big shots that contributed to Turkey’s earthquake. On Monday, Floki announced an NFT sale to support earthquake relief efforts in Turkey. That featured “Turkey’s flag” in the form of 1.08 mins video and was named “Floki’s Turkey Earthquake Relief NFT”.

February 21, 2023 2 mins read

Ripple Provides $1M in XRP for Earthquake Victims in Turkey

Ripple announced that it would contribute money to help those affected by the earthquakes in Turkey and Syria along with other businesses in the cryptocurrency sector. The commitment of $1 million in XRP by Ripple to help NGOs made public on February 15.  According to estimates, a 7.8 magnitude earthquake

February 15, 2023 1 min read

Crypto Exchanges Support to Turkey Earthquake Survivors

Turkey, the transcontinental western Asia peninsula country was hit by terrific earthquakes on Feb 6th. The country is scattered and the world is showing its support to the victims in various forms. The leading crypto firms and exchanges have also pledged to back Turkey in all possible ways. The first

February 7, 2023 2 mins read