With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
The collapse of Thodex left 400,000 users with losses of up to $2.5 billion, according to estimates from the time, one of crypto's largest rug pulls.
Blockchain sleuths flag suspicious multi-chain transfers from the Turkish exchange, prompting a suspension of deposits and withdrawals.
Turkey’s BtcTurk suspended crypto deposits and withdrawals after security firm Cyvers detected $48 million in suspicious outflows tied to its hot wallets.
Turkish authorities have reportedly detained an Ethereum developer known as Fede’s Intern in Izmir. The arrest, disclosed by the developer on Aug. 10, has stirred debate in the crypto community, where many see it as a troubling precedent. Why was Fede’s Intern detained? While details about his detention remain sparse as of press time, Fede’s […]
The post Turkish arrest of Ethereum developer raises alarms in crypto community appeared first on CryptoSlate.
Turkey's President Erdogan's experience with central bank interference serves as a warning, as it led to a currency collapse and increased investment in bitcoin and stablecoins.
Binance's BTC/TRY pair sees increased trading activity as the move sends the lira crashing.
Turkey's economic woes have buoyed crypto adoption in recent years as users have turned to cryptocurrency as a lifeline against double-digit inflation
The regulation is set for implementation on Feb. 25, 2025, enabling the country's crypto service providers to halt "risky" crypto transactions with insufficient user information.
The reversal comes just three months after the US-based crypto exchange submitted its pre-application to the Turkish government.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Tether Holdings Ltd., the issuer behind the world’s largest stablecoin USDT, has proposed an ambitious plan to Turkey’s government. The plan aims to “modernize” the country’s boron market using blockchain technology. The proposal involves creating digital tokens backed by borate minerals, a key resource where Turkey controls over 70% of the global supply. Related Reading: […]
Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.
We don’t have a stocks tax on our agenda. It was discussed previously and fell from our agenda, Vice President Cevdet Yilmaz told Bloomberg, talking about plans that also affect crypto.
Terraform Labs plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.
The bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator's scope.
The draft law aims to govern crypto asset service providers, crypto asset platform operations, crypto asset storage, and crypto asset buying, selling, and transfer transactions.
The platform will host major cryptocurrency pairs, such as USDT/TRY, BTC/TRY and ETH/TRY, along with “sophisticated crypto functionalities.”
OKX President Hong Fang says there is a high demand for crypto in the country.
The Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges.
Ömer İleri, who oversees Information and Communication Technologies for Turkey’s ruling party, met with representatives of the crypto sector to discuss upcoming regulations.
The digital Turkish lira is set to be an intermediated CBDC with self-sovereign identity and offline transfers.
Under draft proposals, crypto firms will be required to obtain licenses from the country’s capital markets regulator.
Fatma Ozkul has been a lecturer at Marmara University in Istanbul since 2012, with an academic focus on accounting, finance, auditing, blockchain and digital assets.
The owner of Tomya was among 25 people detained in Turkey as the country prepares new crypto legislation.