1 / 1 Relevant items tagged with #Turkish
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Crypto Exchange Thodex Founder Denies Fraud Charges in Turkey
[Jun 14, 2023 4:30 AM] The founder of failed cryptocurrency exchange Thodex has denied all fraud-related allegations in a Turkish court. The crypto entrepreneur was handed over to Turkey by Albanian authorities earlier this year to face charges for his leading role in…
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…
Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey
[Apr 21, 2023 2:30 AM] Albania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring…
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements
[Apr 19, 2023 5:30 AM] Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its…
Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey
Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’
[Jan 28, 2023 11:30 PM] A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported. Its first task will be to address recent problems with some cryptocurrency exchanges and boost confidence…
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
[Jan 6, 2023 9:00 AM] According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion…
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…
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets
[Nov 24, 2022 5:30 PM] The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the…
Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to Turkey
[Nov 18, 2022 11:30 PM] A court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the…
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
[Nov 16, 2022 6:30 AM] The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been…