Turkey Decides Against Additional Tax Package on Stocks
Vice President Cevdet Yilmaz reaffirmed that Turkey will not impose a tax on gains from trading stocks or cryptocurrencies this year. According to Bloomberg reporting, the government has prioritized cutting current tax exemptions over considering a tax of this kind. The ruling, which clarifies the government’s position, is a momentous occasion for investors in Turkey’s […]
OmegaPro Co-founder Arrested Over $4B Crypto Fraud
Andreas Szakacs, the OmegaPro co-founder, was arrested in Turkey for his claimed involvement in a multi-billion-dollar crypto scam. In July, Andreas Szakacs, the OmegaPro co-founder of the cryptocurrency and forex platform that subsequently collapsed, was apprehended in Turkey. He is accused of defrauding investors through a $4 billion crypto Ponzi scheme. OmegaPro Co-founder is Arrested […]
KuCoin, Coinbase, Others Apply for Turkish Crypto Licenses
The Turkish cryptocurrency market is changing as prominent firms like KuCoin and Coinbase compete to secure Turkish crypto licenses. The Turkish crypto market is on the brink of substantial transformation as the CMB updates the list and companies strive to comply with regulatory mandates. This application increases results from regulatory updates by the Turkish Capital […]
Coinbase, KuCoin Applies for Crypto License in Turkey
A recent list of Bitcoin businesses and services considering registration in Turkey includes Coinbase and KuCoin. The number of companies on the new list has increased from 47 to 76, including Coinbase, KuCoin, and Gate.io. The first list featured prominent cryptocurrency exchanges Bitfinex, OKX and Binance, the largest cryptocurrency exchange globally based on trading volume. […]
Turkey Sees Spike in Crypto License Applications Amid New Regulations
Turkey’s new regulations have led to 47 crypto companies, including Bitfinex and Binance TR, applying for licenses, while major exchanges like Coinbase and KuCoin have not yet applied. There has been a substantial increase in the number of cryptocurrency companies interested in operating in Turkey. The Turkish Capital Markets Board (CMB) has disclosed that 47 […]