Turkish President Declares War on Cryptocurrencies
The president of Turkey, Recep Tayyip Erdogan, stated that Turkey was at war with cryptocurrencies during a conference with students from 81 districts, which took place in the city of Mersin on September 18. The Turkish central bank put a ban on cryptocurrency payments in mid-April, effectively prohibiting local businesses from engaging in transactions using […]
Turkish central bank enlists the help of local tech firms for digital currency R&D
The Republic of Turkey’s Central Bank has made agreements with a number of companies to develop the Digital Turkish Lira Collaboration Platform. With a research and development effort that could see the Turkish lira go digital, the Central Bank of the Republic of Turkey (CBRT) has taken a huge step forward. CBRT stated on Wednesday […]
Prosecutors in Turkey are looking into a $119 million Dogecoin mining scheme
Authorities in Turkey are investigating an alleged Dogecoin mining scheme that swept investors under the rug after amassing $119 million in deposits, according to Turkish media. The story was first reported by local channel TV100 on August 23rd, with authorities identifying the scheme’s suspected operator as pseudonymous online persona “Turgut V.” Turgut and 11 colleagues […]
Turkey prepares crypto bill for parliament
According to Turkey’s deputy finance minister, the legal bill protects individual investors, combat money laundering, and strengthen crypto exchange supervision. A draft bill to establish a legal framework for crypto assets in Turkey has been released by the Turkish Ministry of Treasury and Finance. The crypto bill will be proposed to the Grand National Assembly […]
Turkey has witnessed an elevenfold Crypto adoption increase in one year
Turkey’s cryptocurrency adoption userbase has increased by more than 11 times in the previous year, this was according to a new survey by Turkish crypto exchange Paribu. Akademetre Research performed the “Cryptocurrency Awareness and Perception Survey 2021,” which revealed Turkish citizens’ attitudes and actions about Bitcoin (BTC) and other cryptocurrencies. In 2020, the first such survey was […]