Turkey

Crypto Adoption in Middle East Will Come From Unstable Nations

The next wave of crypto adoption in the region is likely to come from citizens in unstable autocracies or those facing crushing inflation in countries like Iran and Lebanon.

Opinion  ·  10 August 2021

Turkey Plans to Present Law on Cryptocurrencies in October: Report

Crypto-asset companies will be supervised by the Capital Markets Board and will need to set aside minimum capital requirements.

News  ·  19 July 2021
Regulation

Turkish Crypto Exchanges Must Report Transactions Over $1,200, Finance Minister Says

The country is rushing to regulate the crypto market after two local crypto exchanges went offline in April.

News  ·  7 May 2021
Turkey

Turkey Adds Crypto Trading Platforms to List of Firms Covered by AML Regulations

The country's latest move to rein in cryptocurrencies went into effect immediately.

Markets  ·  1 May 2021
Exchanges

Turkish Court Jails Thodex CEO’s Siblings in Crypto Exchange Probe

Interpol has issued a red notice for the CEO who has fled to Albania.

News  ·  30 April 2021
Turkey

Turkish Government Plans Central Custodian Bank to Manage Crypto Risk: Report

Authorities are also contemplating a capital threshold for crypto exchanges and education requirements for the executives at the firms, Bloomberg said, citing an unnamed official.

Markets  ·  27 April 2021
Turkey

State of Crypto: Congress Takes One Step Closer to Regulatory Clarity

A bipartisan bill addressing cryptocurrencies made it through the House of Representatives. Next up: the Senate.

Policy & regulation  ·  27 April 2021
Turkey

Turkey’s Central Bank Head Says Crypto Regs Coming, Denies Total Ban Ahead

The head of Turkey’s central bank ruled out a total ban of cryptocurrencies and said a wide range of crypto regulations is coming within two weeks, Trade Moneta reported.

Policy & regulation  ·  25 April 2021
Turkey

Turkish Authorities Detain 4 in Probe of Vebitcoin Crypto Exchange: Report

It's the second crypto platform in a week to face troubles in a country that is banning the use of cryptocurrencies for payments.

Markets  ·  24 April 2021
Turkey

Turkey Blocks Bank Accounts of a Crypto Exchange Even as It Hunts for the CEO of Another

April has not been a kind month to crypto in Turkey.

Markets  ·  23 April 2021
Turkey

Turkish Police Detain 62 People in Thodex Probe, State News Agency Says: Report

The crypto exchange reportedly has been subject to a legal complaint by its users alleging that hundreds of millions of dollars had been stolen.

News  ·  23 April 2021
Exchanges

Turkish Crypto Exchange Goes Offline, CEO Missing

The report by government-controlled Anadolu Agency comes a week after the country’s central bank announced it was banning the use of crypto for payments.

News  ·  22 April 2021
Bitcoin

Market Wrap: Bitcoin Near $62K, Recovers Slowly From Turkey Crypto Payment Ban; Dogecoin Jumps

“The biggest fear for many crypto traders has always been that big governments might impose harsh restrictions on cryptocurrencies,” said one analyst.

Markets  ·  16 April 2021
Bitcoin

Bitcoin Price Drops as Turkey Bans Crypto Payments Amid Currency Crisis

Turkey's crypto ban sets a bad precedent for other countries mulling similar moves.

Markets  ·  16 April 2021
Cryptocurrency

Turkey to Ban the Use of Crypto for Payments; Bitcoin Falls

The measure, to go into effect April 30, comes as the use of crypto had risen due to a plunge in the price of the lira.

News  ·  16 April 2021