Turkey Advances Crypto Regulation to Final Stage
Turkey is nearing the finish line of its crypto regulation, emphasizing international alignment and comprehensive oversight for blockchain development. Turkish Minister of Treasury and Finance Mehmet Şimşek stated that the framework for cryptocurrencies designed for the Turkish market is almost finished, with work now concentrated on assessing the technical aspects of its deployment in an […]
Turkey Drafts New Crypto Regulations to Escape FATF ‘Grey List’ Status
According to reports, Turkey is drafting new regulations to govern crypto assets to convince the Financial Action Task Force (FATF) to remove it from a “grey list” of nations that have not done enough to combat money laundering and terrorist financing. In 2021, the FATF placed Turkey on its grey list. According to a report, […]
Turkey to Finalize Crypto Regulatory Framework in 2024
The Presidential Annual Program for 2024, published in Turkey’s Official Gazette on October 25th, aims to finalize the country’s crypto regulatory framework within the following year. Article 400.5 of the nearly 500-page document details the intended studies to define crypto assets, which may be taxed appropriately in the future. The purveyors of crypto assets, i.e., […]
Thodex Crypto Exchange Founder Goes to Jail in Turkey
The founder and former CEO of Thodex Crypto Exchange, Faruk Fatih Özer, was sentenced to seven months and fifteen days in prison for neglecting to submit tax documents requested during the trial. Once one of the largest cryptocurrency exchanges in Turkey, Thodex abruptly wound down, and Özer fled to Albania. Özer was deported back to […]
OKX Moves $60M to Alameda, Eyes Turkey Market
OKX, the second-largest crypto exchange by trading volume, transferred over $60 million worth of crypto assets to Alameda Research’s wallet in the past 24 hours. The move comes as OKX plans to open an office in Turkey, and its native token, OKB, sees a 95% increase in trading volume in April. Arkham Intelligence data indicates […]