KuCoin Türkiye has announced new developments to strengthen its position in the Turkish crypto market. The most notable of these is the appointment of Rıdvan Bahadır as the new Deputy General Manager, coupled with KuCoin Türkiye’s grand sponsorship of the upcoming Istanbul Blockchain Week.

AML Expert

According to a statement by the exchange, Bahadır’s appointment will boost KuCoin Türkiye. With a background in anti-money laundering (AML) and countering the financing of terrorism (CFT), Bahadır has experience in regulatory compliance.

Before joining KuCoin Türkiye, he served at MASAK, the Financial Crimes Investigation Board under the Turkish Ministry of Finance and Treasury. The company expects his experience to be key to maintaining high compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term and security standards.

“Joining KuCoin Türkiye as the Deputy General Manager, I am deeply committed to strengthening our role and upholding the highest standards of compliance and security. In today's rapidly evolving crypto landscape, maintaining robust compliance is crucial not only for building trust but also for ensuring the long-term sustainability of our platform,” Bahadır said in a statement.

Besides the leadership changes, KuCoin Türkiye is taking a prominent role at Istanbul Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Week, one of the region’s premier blockchain events. As a grand sponsor, the company will provide a networking lounge, offering participants a space to connect, share insights, and engage in discussions about the future of cryptocurrency and Web3 technology.

Supporting Local Crypto Community

The exchange has welcomed the opportunity, saying it aligns with its mission of promoting innovation and supporting the local crypto community. Attendees at the event will reportedly have the opportunity to meet with the KuCoin Türkiye team and participate in various activities that showcase the platform’s offerings.

Last month, KuCoin's Visa debit card KuCard announced the integration of multiple virtual and physical cards to enable users to manage multiple cards and access a cashback program. The platform promised enhanced financial flexibility for personal use, managing family expenses, or keeping separate cards for different spending categories with the new service.

This feature reportedly enables budgeting, improved expense tracking, and better access to funds. Users can also access KuCard's crypto-to-fiat conversion and cashback rewards.