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Turkey’s Upcoming Crypto Rules Will Protect Users While Fostering Innovation, Lawmaker Says
21.2.2024
Ömer İleri, who oversees Information and Communication Technologies for Turkey’s ruling party, met with representatives of the crypto sector to discuss upcoming regulations
Turkey’s Banking Giants Go Big on Crypto as Legislation Looms
13.12.2023
This week, two of the country’s largest banks announced crypto initiatives
Turkish Crypto Exchange Associated with Hull City Sponsorship at Center of Fraud Scandal
30.11.2023
Source: Adobe / Husamex The owner of the cryptocurrency exchange Tomya, which sponsors the sports team of the famous television producer Acun Ilıcalı, Hull City, Yavuz Usta, and economist Ece Pulaş, have been arrested as part of an investigation conducted by the Istanbul Büyükçekmece Public...
Hull City Sponsor Tomya Crypto Exchange Embroiled in Turkey Fraud Scandal
29.11.2023
The owner of Tomya was among 25 people detained in Turkey as the country prepares new crypto legislation
Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations
21.11.2023
  Multiple countries advanced cryptocurrency oversight last week through legal actions, guidance, and policy initiatives. Image by RareStock, Adobe Stock. The past week brought several new major developments on the crypto regulation front. The SEC sued a major crypto exchange, IOSCO developed...
Turkish Crypto Exchange Thodex CEO Receives 11,196-Year Jail Term for Fraud and Money Laundering
8.9.2023
Faruk Fatih Ozer, the founder and former CEO of Thodex, a prominent Turkish cryptocurrency exchange, has been handed 11,196-year prison sentence for fraud and other crimes, Bloomberg reproted.
Ozer was convicted on various charges, including fraud, leading a criminal organization, and money...
11,196 Years Jail Sentence for Faruk Özer, CEO of Collapsed Turkish Crypto Exchange Thodex
8.9.2023
Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer and his brother Güven Özer have been sentenced to 11,196 years, 10 months and 15 days in prison
Just Over Half of Turkey’s Adults Invested in Crypto Assets Between Nov. 2021 and May 2023 — Study
1.9.2023
In the 18 months between Nov. 2021 and May 2023, the proportion of Turkish adults who invested in cryptocurrencies grew from 40% to 52%, data from the latest Kucoin report has shown. The report also revealed that 54% of Turkish adults who invested in crypto for the first time in the past year were...
Turkey Crypto Investors Rise by 12% as Inflation Continues to Plague the Country
31.8.2023
Turkish adults are increasinglyy turning to cryptocurrency investments as the country continues to suffer from soaring inflation.
According to a recent survey conducted by major crypto exchange KuCoin, over half of the Turkish population is now participating in the crypto market.
This...
Turkey Drafting Crypto Bill to Submit to Parliament in Coming Weeks: Report
31.5.2022
Turkey is reportedly drafting crypto legislation to be submitted to parliament in the coming weeks. The bill may also impose taxes on some crypto transactions. New Turkish Crypto Legislation Underway Turkey is drafting a bill to establish new rules for the crypto industry, Bloomberg reported last...
Blockchain is just a database without crypto, legal expert says
31.1.2022
Separating blockchain from crypto leaves all the exciting opportunities out, legal expert Elçin Karatay told Cointelegraph
Turkey’s President Erdogan Instructs Ruling Party to Study Cryptocurrency, Metaverse
28.1.2022
The president of Turkey, Recep Tayyip Erdoğan, has reportedly instructed the country’s ruling party to conduct a study on cryptocurrency and the metaverse. “It is a sensitive subject, a good and meticulous study should be done,” said President Erdoğan. Turkish...
Turkish President Erdogan Says Cryptocurrency Law Is Ready as Crypto Regulator Fines Binance 8 Million Lira
26.12.2021
Turkey’s President Recep Tayyip Erdoğan reportedly announced that the country’s cryptocurrency law “is ready” and will be submitted to parliament “without delay.” Meanwhile, Turkey’s Financial Crimes Investigation Board (MASAK), which oversees...
Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges
2.5.2021
The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered...
Bitcoin Adoption Soars in Turkey Amid High Inflation, Lira Hitting Record Low
19.10.2020
People in Turkey are increasingly turning to bitcoin as the local currency, the Turkish lira, recently hit another record low against the dollar. Bitcoin adoption in Turkey outshines other countries in the region. Turkey Is Regional Leader in Bitcoin Adoption Bitcoin adoption has been increasing...