Binance Exchange Unveils Changes In Turkey Per Regulation
Binance Exchange has announced modifications to its operations in the Turkish region in compliance with local regulations. Binance, a prominent cryptocurrency exchange, has disclosed modifications to its services in Turkey. Turkish language option has been removed for Binance users In a letter to its users, the exchange emphasized the few modifications recently implemented in Turkey. […]
Turkey Introduces 0.03% Tax on Crypto Transaction
Turkey will implement a 0.03% transaction tax on crypto trading, which aims to rectify the budget deficit brought about by the earthquakes of 2023. Bloomberg reported that the proposed changes could result in a substantial windfall for those facing challenging economic conditions through a transaction tax on crypto trading. “The ministry is considering a 0.03% […]
Turkey Denies Plans to Tax Crypto, Stock Gains
Turkey dismisses plans to tax crypto and stock profits, considering a “very limited” transaction tax instead. Turkey has rejected proposals to levy taxes on profits from securities and cryptocurrencies, but it has proposed a “very limited” transaction tax. In an interview in Ankara, Treasury and Finance Minister Mehmet Simsek stated that the government is contemplating […]
Turkey’s Investing App Midas Raises $45m to Double Down on Crypto
Midas, a Turkish fintech startup, announced a $45 million Series A fundraise, the largest ever for the Turkish fintech company. Midas, Turkey’s retail investing app, announced in a press release that it had secured $45 million from investors to increase its products, especially in cryptocurrency trading. Portage of Canada spearheaded the Series A fundraising round, […]
OKX Expands to Turkey as Part of Global Expansion Plan
The cryptocurrency exchange OKX has introduced a tailored interface with trading pairs valued in Turkish Lira in Turkey. Turkey is important for cryptocurrency, according to OKX President Hong Fang , who noted the country’s high adoption and transaction volumes. Fang said in an interview: “Turkey is a very important and special market for us. It […]