Coinbase axes plans to expand into Turkey
[Dec 2 5:23 PM] The reversal comes just three months after the US-based crypto exchange submitted its pre-application to the Turkish government.
1 / 3 Relevant items tagged with #Turkey
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Tether Proposes Establishing Tokenized Boron Commodity Markets in Turkey
[Oct 25 1:35 PM] Tether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and…
Tether proposes boron-backed tokens to Turkey’s government
[Oct 24 1:31 PM] Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.
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…
Turkey Shelves Additional Plans to Tax Stocks and Crypto: Bloomberg
[Sep 24 4:02 PM] We don’t have a stocks tax on our agenda. It was discussed previously and fell from our agenda, Vice President Cevdet Yilmaz told Bloomberg, talking about plans that also affect crypto.
Bybit Türkiye Gains Recognition as a Crypto Asset Service Provider by Turkish Regulator
Turkey’s $200 limit on cash payments: What does it mean for crypto?
[Sep 12 1:17 PM] Should the Turkish government pass new amendments, all cash payments above $205 would be subject to fines of 10%.
Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions
[Sep 10 7:45 PM] Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank…
Turkey Seeks to Join BRICS to Strengthen Global Influence
[Sep 3 10:30 PM] Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the…
OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports
[Aug 22 3:19 PM] The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022.
47 Companies Apply to Operate in Turkey Under New Crypto Regulations
[Aug 12 3:30 AM] Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are…
BtcTurk CEO steps down from one of Turkey’s biggest crypto exchanges
[Jul 18 11:10 AM] Ozgur Guneri spent seven years as the head of the popular Turkish crypto exchange. He will remain with the company as a director.
Tether to Drive Digital Asset Education in Turkey
[Jul 3 3:55 AM] Crypto industry leader, Tether Operations Limited, and technology and strategy company, BTguru, have entered into a Memorandum of Understanding (MoU) to assess digital assets educational initiatives in Turkey (Türkiye). The MoU aims to develop…
Terraform Labs to shut down after $4.5B SEC settlement: Law Decoded
[Jun 17 1:05 PM] Terraform Labs plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.
Turkish Bank Garanti BBVA Embraces Digital Assets With New Crypto Wallet and Trading Platform
Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax
[Jun 6 8:28 AM] Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited”…
Turkey denies plans to tax crypto, stock gains
[Jun 5 12:00 PM] Turkey has dismissed levies on profits from stocks and cryptocurrencies but is exploring a transaction tax as part of efforts to regulate the tax on financial transactions.
Turkish Parliament Committee to Review Crypto Bill This Week
Turkey Takes Crypto Bill to Parliament, Aims to Bring Crypto Licensing to the Country
[May 17 6:40 AM] The bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator's scope.
Turkey proposes aligning crypto legislation with international standards
[May 17 3:01 AM] The draft law aims to govern crypto asset service providers, crypto asset platform operations, crypto asset storage, and crypto asset buying, selling and transfer transactions.
Turkey Prepares New Crypto Law to Align With International Standards
[May 12 4:14 PM] Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the…
Turkish crypto bill: 5 things to know before it’s introduced
[May 6 6:18 AM] Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.
Turkey tops the world in stablecoin buying share vs. GDP
[Apr 25 7:00 AM] Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.
How the Bitcoin Halving Could Affect Network Security
[Apr 2 7:46 AM] After the block reward drops to 3.125 bitcoins, miners could power down their less efficient machines.
Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate
[Mar 24 2:00 PM] According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their…
OKX Expands to Turkey as Part of Global Expansion Plan
[Feb 27 2:48 AM] OKX President Hong Fang says there is a high demand for crypto in the country.
Turkey’s Upcoming Crypto Rules Will Protect Users While Fostering Innovation, Lawmaker Says
[Feb 21 6:29 AM] Ömer İleri, who oversees Information and Communication Technologies for Turkey’s ruling party, met with representatives of the crypto sector to discuss upcoming regulations.
In Search of Financial Freedom: The Answer Lies With Bitcoin, Not Stablecoins
[Jan 19 9:46 AM]
Turkey Will Conclude Technical Studies for Crypto Legislation Soon: Finance Minister
[Jan 10 4:35 AM] Under draft proposals, crypto firms will be required to obtain licenses from the country’s capital markets regulator.
Turkey’s Banking Giants Go Big on Crypto as Legislation Looms
[Dec 13, 2023 9:28 AM] This week, two of the country’s largest banks announced crypto initiatives.