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Turkey Scraps Planned Crypto Tax, Targets Economic Reforms

[Sep 27 3:30 AM] Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on…

Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin

[Sep 1, 2023 4:52 AM] The market cap of BiLira's TRYB token has increased more than 300% to $136.10 million, the second-highest among non-U.S. dollar-pegged stablecoins.

Chatgpt Accounts Found on Darknet, North Korean Analyst on Dollar Dominance, BCH Hashrate Rises With Price, and More — Week in Review

[Jul 2, 2023 6:30 AM] It’s been an action-packed week in the world of finance and crypto, and moving into July, there’s a lot to cover to get up to speed: compromised Chatgpt accounts being sold on darknet markets, Bitcoin Cash’s hashrate shooting…

Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals

[Jun 11, 2023 7:30 PM] People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank…

Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network

[Dec 31, 2022 2:30 AM] The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to invite banks and fintech…

Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings

[Dec 19, 2022 5:30 PM] On Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks froze Lebanese bank accounts, and a…