Global #Turkey

Marti, a leading Turkish taxi-hailing and micro-mobility company, has announced a significant shift in its treasury strategy, allocating 20% of its cash reserves to crypto assets, starting with Bitcoin.

Turkey has taken a major step in tightening its grip on the cryptocurrency industry, launching one of its most aggressive enforcement actions to date.

In a significant development for Turkey’s cryptocurrency landscape, QNB Digital Assets, the digital asset arm of Turkey’s prominent QNB bank, has officially announced the cessation of its cryptocurrency services. T

A recent survey titled the “2024 Cryptocurrency Awareness and Perception Survey,” which included responses from 2,002 individuals familiar with cryptocurrency and 541 active crypto traders, has shed light on Turkey’s evolving relationship with digital assets.

Tether has proposed leveraging blockchain technology to establish a digital asset exchange in Istanbul, signaling its commitment to Turkey's growing digital asset landscape.

Turkey's cryptocurrency market is experiencing significant growth, driven by a population increasingly seeking alternatives to traditional banking amidst rising inflation.

In a high-profile case making waves across the globe, Swedish national Szakacs, now known as Emre Avcı after acquiring Turkish citizenship, has been arrested in Turkey on serious allegations of orchestrating a pyramid scheme that allegedly defrauded investors of $4 billion.

Leading digital currency trading platforms, including Coinbase Global Inc., KuCoin, and Gate IO, are pursuing licensing in Turkey as they face regulatory hurdles in the United States. This move reflects a broader trend of crypto exchanges seeking more favorable regulatory environments to support their operations and growth.

Recently, Turkey’s regulatory authorities updated the list of firms applying for crypto business licenses, increasing the count from 47 to 76. This expansion sees heavyweight additions such as Coinbase, KuCoin, and Gate.io joining already approved major exchanges like Binance, Bitfinex, and OKX.

In a significant update, Turkey's Treasury and Finance Minister Mehmet Simsek has stated that the government has no intentions to levy taxes on gains made from "stocks and cryptocurrencies."

According to reports from NTV, the Turkish Grand National Assembly is set to receive a bill defining cryptocurrencies today.