Turkey News

Turkey and Russia have both moved to ban the popular communication platform Discord, citing concerns over child abuse and other criminal activities.  In Turkey, authorities blocked access to Discord after a court ruling linked the platform to incidents of child…

Fintech startup Mesh has partnered with Turkey’s crypto exchange Paribu to enhance user access to seamless payments across the web3 ecosystem. Mesh, a U.S. fintech startup backed by PayPal Ventures, has joined forces with centralized cryptocurrency exchange Paribu, aiming to…

Vice President Cevdet Yilmaz confirmed that Turkey will not implement a tax on profits from crypto or stock trading this year. The government previously considered such a tax but has focused on reducing existing tax exemptions, according to Bloomberg reporting.…

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.