Turkey News

Stablecoins settled $3.7 trillion in 2023 and are on pace to reach $5.28 trillion in 2024, with growing usage beyond exchange settlement, new research shows. Stablecoins continue to solidify their role in the global financial landscape, with settlement volumes reaching…

Bybit launches spot TRY trading pairs, offering Turkish users direct access to cryptocurrencies without the need for conversion steps. Bybit is intensifying its expansion in Turkey by launching Turkish Lira trading pairs on its spot market, allowing users to trade…

Coinbase and KuCoin are among a new list of cryptocurrency companies and services eyeing registration in Turkey. The updated list of companies now includes Coinbase, KuCoin and Gate.io, with the number of organizations up from 47 to 76. As crypto.news…

Binance, Bitfinex are rushing to register their services in Turkey as the country has finalized its regulatory stance on crypto. International cryptocurrency exchanges are rushing to register their services in Turkey following the country’s finalization of its regulatory stance on…

The USDT stablecoin issuer Tether has announced signing a partnership agreement with think tank BTguru to evaluate crypto initiatives in Turkey. Tether, the largest stablecoin issuer by market capitalization, is deepening its presence in Turkey through a new collaboration, which…

The Turkish parliament passed a crypto bill regulating crypto use, with fines ranging from $7,500 to $182,600 and prison terms of three to five years for violations. Turkish legislators approved the crypto bill introduced by ruling party chairman Abdullah Güler,…

Garanti BBVA, a prominent Turkish bank, has launched a cryptocurrency wallet for its customers in Turkey.

The Turkish Lira (TRY) has become the third-largest fiat currency to be used for cryptocurrency trading. According to a report from Kaiko Research, TRY’s growing market share has pushed it past the euro (EUR), capturing 19% of the market share.…

Turkey’s Treasury and Finance Minister Mehmet Şimşek is reportedly considering a new tax on gains from investments in stocks and crypto as part of efforts to support disinflation. Gains from activity associated with trading crypto and stocks may soon be…

Turkish investing startup Midas has secured $45 million in a funding round led by Portage of Canada to launch crypto services. Midas, Turkey’s retail investing app, has said in a press release it had raised $45 million from a group…

Stablecoin issuer Tether is teaming up with Fuze to educate individuals and financial institutions in Turkey and the Middle East about crypto. Tether, the company behind the largest stablecoin by market value, has signed a Memorandum of Understanding (MOU) with…

Crypto exchange OKX has launched a localized platform in Turkey featuring trading pairs denominated in Turkish Lira.

Bitcoin has reached an all-time high in 14 countries, including Turkey, Argentina, Egypt, Pakistan, Nigeria, Japan, and Lebanon, despite trading 25% below its peak of $69,000.

The Turkish government is set to establish legal definitions for key cryptocurrency concepts, regulate trading platforms through licensing, and align with the standards of the Financial Action Task Force (FATF). In an interview with the Anadolu Agency on Jan. 10,…

Blockchain.com will increase its workforce by a quarter in early 2024, strategically moving into new markets such as Nigeria and Turkey.

The country seeks to get out of FATF’s “grey list” by putting more regulatory burden on crypto. Turkey is set to double down on crypto taxation and licensing to persuade the Financial Action Task Force (FATF) to remove it from…