Turkey completes first digital lira transactions
Turkey’s national bank announced in a Dec. 29 press release that it has successfully carried out the first transactions involving its digital lira. The Central Bank of the Republic of Turkey (CBRT)...
View ArticleTurkey’s Nation Alliance set for crypto adoption
As the elections approach, Turkey’s political opposition group, the Nation Alliance, released its doctrine on Jan.30, which included 13 matters aimed at increasing crypto adoption in the region. The...
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Turkish watchdog stretches rules and allows crypto wallets to collect aid
A Turkish singer known for his charitable personality, Haluk Levent, reached out to the country’s financial watchdog (MASAK) and convinced them to allow collecting crypto donations to help with...
View ArticleCrypto aid for Turkey exceeds $4.5M in one week
The crypto community donated over $4.5 million in seven days to help Turkey with disaster relief. Three wallets were created to collect donations on Feb. 7. Total amount donated sits at slightly over...
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Crypto ownership in Turkey, Argentina and Philippines surges as inflation...
Turkey recorded the highest growth in crypto ownership, with 27.1% from July-September 2021 to July-September 2022, according to GWI Research. Argentina and the Philippines followed Turkey as the...
View ArticleMore than half of Turkey has turned to crypto amid rapid currency devaluation...
More than half of Turkey’s adult population has turned to cryptocurrencies in a bid to protect their wealth and savings from rapid inflation and currency devaluation, according to KuCoin’s latest...
View ArticleThodex founder handed over 460 life sentences in prison for massive Turkish...
Fatih Özer, the founder of the failed crypto exchange Thodex, has been sentenced to 11,196 years, equivalent to 466 life sentences, in Turkish prison, Bloomberg reported on Sept. 7. Özer was sentenced...
View ArticleTurkey tightening crypto regulation to improve standing with FATF
Turkey is set to introduce new legislation pertaining to crypto-assets in a bid to strengthen its stance against money laundering and terrorist financing, Reuters reported, citing the country’s Finance...
View ArticleIndia’s securities watchdog calls for crypto regulation; Turkey moves toward...
Turkey and India advanced crypto policies on May 16 that could create a framework for businesses and investors operating in each country. Reuters reported that the Securities and Exchange Board of...
View ArticleTether EDU looks to boost digital asset education in Turkey, across Middle East
Tether EDU and BTguru have signed a Memorandum of Understanding (MoU) to evaluate digital assets and educational initiatives in Turkey. Tether EDU is an initiative aimed at enhancing global access to...
View ArticleEmerging markets embrace stablecoins despite significant premiums
Businesses and consumers in 17 emerging markets pay an average premium of 4.7% over the standard dollar price to access stablecoins, with the figure rising to 30% in countries like Argentina. The data...
View ArticleBybit unveils first Shariah-compliant Islamic crypto account
Crypto exchange Bybit has introduced an Islamic crypto account tailored to its Muslim users, according to a Sept. 24 statement. Bybit CEO Ben Zhou shared the update in a social media post on X,...
View ArticleTether proposes boron-backed tokens to revolutionize Turkey’s commodity market
Stablecoin issuer Tether has proposed a new initiative to Turkey: digital tokens backed by boron, a mineral in which the country holds over 70% of the global reserves, Bloomberg News reported on Oct....
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