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Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges
16.4.2021
The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can...
Turkey to ban cryptocurrency payments
16.4.2021
Turkey's central bank is also banning payment providers from offering fiat-to-crypto onramps for cryptocurrency exchanges
Turkey Bans Crypto Payments
16.4.2021
Turkey’s central bank banned the use of cryptoassets in payments as they entailed significant risks due to volatile market values, irrevocable transactions and are used in illegal actions, Reuters reported.
Also, the bank said that these assets were “neither subject to any regulation...
The Case Of a Plunging Fiat Currency: Turkey's Struggling Lira
26.3.2021
Emre Tarim, Lecturer in Behavioural Sciences, Lancaster University.
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The Turkish lira has once again made global headlines, with a steep drop of 15% on March 22, running from below 7.20 to the US dollar to over 8.28, before settling just below 8.00. This came on the back of a midnight decree...
Bitcoin searches in Turkey spike 566% after Turkish lira drops 14%
22.3.2021
Searches for Bitcoin emanating from Turkey exploded after news broke regarding the 14% plunge in the value of the Turkish lira
Turkish Police Dismantle Massive Chinese Crypto Scam That Held 101 Hostages
16.3.2021
A massive police operation took place in Istambul, Turkey, against a Chinese gang’s crypto scam. Authorities found that criminals kidnapped 101 people and forced them to run scam operations. Scammers Tricked Hostages by Promising Them Work in a Legit ‘Crypto Investment...
Turkish finance ministry to study cryptocurrency with local regualtors
2.3.2021
Regulators are taking a hard look at crypto in Turkey, but local experts welcome the oversight
Amid inflation woes, Turkey announces CBDC tests planned for 2021
26.12.2020
While the announcement came as a surprise to some, a digital Lira has been in the works since 2019
Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor
26.12.2020
Naci Ağbal's comments would place Turkey on the fast track to central bank digital currency
How did the Turkish crypto ecosystem survive 2020?
15.12.2020
Turkey started off strong in crypto and blockchain in 2020 — then the pandemic happened.
Venezuela ramps up Bitcoin payments for imports from Iran and Turkey
10.12.2020
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions
Venezuela Pays for Imports From Iran and Turkey With Bitcoin to Evade Sanctions
9.12.2020
Venezuela is reportedly paying companies in allied countries, including Iran and Turkey, with bitcoin to mitigate the effects of U.S. sanctions on its economy. The Venezuelan government is also planning to increase bitcoin usage now that it has a dedicated cryptocurrency mining center. Venezuela...
Bitcoin has hit all-time highs against numerous world currencies
17.11.2020
Bitcoin has broken record levels against at least nine world currencies as its USD price marches toward $20,000
İstanbul Başakşehir is the latest soccer club to launch a fan token
11.11.2020
The appetite for blockchain-based fan tokens appears to be limitless amongst big-league soccer clubs across the globe
Russia's central bank says the pandemic has accelerated regulators' interest in CBDCs
6.11.2020
The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies
Meet Agah Sesli, CMC’s Ambassador From Turkey
2.11.2020
I first heard of Bitcoin in early 2017, when a friend of mine mentioned he was paying one of his Continue Reading
The post Meet Agah Sesli, CMC’s Ambassador From Turkey appeared first on CoinMarketCap Blog
Why Fiats Are Failing in 2020
23.10.2020
From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?
8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs
23.10.2020
The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency....
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...
Paxful, Turkey-Based BiLira, Cointral to Expand Crypto Offerings in Eastern Europe
12.10.2020
Paxful said the partnerships will allow users to trade bitcoin and tether using a lira-backed stablecoin