Turkey News

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…

Turkey is in the final stages of introducing crypto legislation, which could lead to its removal from the FATF grey list, says Finance Minister Mehmet Şimşek. Speaking to the nation’s planning and budget commission on Oct. 31, Şimşek said the…

Turkey sets its sights on implementing cryptocurrency taxation and other regulatory measures as part of its 2024 Presidential Annual Program.

During a panel at the Plan B Forum 2023, a speaker discussed Bitcoin's utility in the hyperinflated economies of Turkey and Lebanon.

Turkish crypto exchange Thodex’s founder and his two siblings face over 11,000 years in jail each after being convicted of fraud, money laundering, and running a criminal organization. A Turkish court sentenced Faruk Fatih Ozer — the man behind Thodex,…

About 52% of Turkey's adult population was engaged in crypto investments as of May 2023. This rate was 40% in November 2021.

Faruk Fatih Özer, the founder and CEO of Thodex, a defunct crypto exchange in Turkey, has been imprisoned after failing to provide the necessary tax documents to the country’s Tax Inspection Board