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CryptoCurrency

Coinbase Exits Turkey Plans, Adjusts USDC Rewards Amid MiCA Compliance

  • Turkey’s crypto regulator reports 14 companies, including QNB Digital Assets, have filed for liquidation.
  • Coinbase will end USDC rewards for EEA users starting December 1.
Monday, 02/12/2024 | 09:24 GMT by Tareq Sikder
CryptoCurrency

Binance Secures 20th Regulatory Approval as a VASP from Argentina's CNV

  • The registration enables the firm to provide its full range of services to users in Argentina.
  • Last month, the Kazakhstan unit received formal consent from the AFSA for the full license.
Tuesday, 01/10/2024 | 16:45 GMT by Tareq Sikder
CryptoCurrency

Crypto Exchanges Flocking Towards Turkey: Coinbase, KuCoin Apply for Licence

  • A total of 76 companies have been included in the list published by the Capital Markets Board of Türkiye.
  • Turkey ranks fourth in terms of crypto trading volumes.
Monday, 19/08/2024 | 04:27 GMT by Arnab Shome
CryptoCurrency

Turkey's CMB Lists 47 Crypto Providers Awaiting Licensing under New Law

  • Exchanges like Binance and OKX are applying for licenses within the new crypto framework.
  • Secondary crypto legislation defining key terms is pending introduction to parliament.
Monday, 12/08/2024 | 04:35 GMT by Tareq Sikder
CryptoCurrency

Binance Scales Back: Turkish Language to Be Phased Out for Compliance

  • The firm assures that user funds are safe despite upcoming changes to its services in Turkey.
  • All marketing activities targeting Turkish users will be fully stopped.
Wednesday, 03/07/2024 | 08:53 GMT by Tareq Sikder
CryptoCurrency

Stablecoin Issuer Tether Launches Educational Program to Boost Crypto Adoption in Türkiye

  • This collaboration is part of Tether EDU, a global initiative focused on accessible education.
  • The MoU also outlines plans to introduce blockchain and peer-to-peer technology for private and public stakeholders.
Tuesday, 02/07/2024 | 16:46 GMT by Jared Kirui
CryptoCurrency

Bitget Strikes Deals with Turkish Sports Icons for Campaign Expansion

  • The campaign was initiated with Lionel Messi in 2022.
  • Turkish athletes Buse Tosun Çavuşoğlu, Samet Gümüş, and İlkin Aydın have joined the initiative.
Tuesday, 11/06/2024 | 09:41 GMT by Tareq Sikder
FinTech

Turkish Digital Bank Colendi Secures $700M Valuation with Series B Funding

  • The company aims to become a major digital banking entity and targets a $1 billion valuation.
  • According to the CEO, it should also be IPO-ready by 2026.
Thursday, 23/05/2024 | 08:08 GMT by Damian Chmiel
CryptoCurrency

Turkish Traders Welcome OKX.TR: Goes Live with TRY Trading Pairs

  • The firm has introduced trading pairs, such as USDT/TRY, BTC/TRY, and ETH/TRY.
  • Turkish banks such as Akbank and Garanti BBVA have entered the cryptocurrency arena.
Tuesday, 27/02/2024 | 09:33 GMT by Tareq Sikder
Retail FX

Exclusive: FXPRIMUS Takes Down "Turkish Fraudulent Trading Network"

  • The company's monitoring systems revealed the use of shared IP addresses and devices by the network.
  • FXPRIMUS has outlined remedial measures, including recovering profits.
Thursday, 09/11/2023 | 16:44 GMT by Jared Kirui
CryptoCurrency

CEO of Collapsed Turkish Crypto Exchange Gets 11,196 Years in Prison

  • His sister and brother were also sent to jail.
  • He went missing after the exchange collapsed, but was later arrested in Albania.
Friday, 08/09/2023 | 10:31 GMT by Arnab Shome
Analysis

May Brought the Highest Deposits over a Year

  • The single deposit and withdrawal values remain high.
  • Turkish traders deposited the most to their FX/CFDs accounts.
Monday, 04/09/2023 | 16:45 GMT by Sylwester Majewski
CryptoCurrency

Thodex Founder Sentenced to Turkish Prison over Failure to Tender Tax Documents

  • Faruk Fatih Özer claims innocence on charges related to defrauding investors.
  • The ex-CEO was arrested in August last year in Albania.
Tuesday, 18/07/2023 | 14:45 GMT by Solomon Oladipupo
CryptoCurrency

Gate.io Targets New Crypto Exchange GateTR at Turkey’s Crypto Market

  • Cryptocurrency adoption is high in Turkey.
  • Gate.io has been expanding its global footprint in 2022.
Monday, 14/11/2022 | 13:43 GMT by Solomon Oladipupo
Regulation

Oracle to Pay $23M to Settle Bribery Charges against Asian Subsidiaries

  • The US SEC fingered Oracle's subsidiaries in Turkey, UAE and India in its investigation.
  • The regulator penalized Oracle $2 million in 2012 for the same offence.
Tuesday, 27/09/2022 | 18:24 GMT by Solomon Oladipupo
Analysis

Analysis: Higher Trading Activity in June Despite Lower Deposits

  • Retail traders deposited less capital.
  • The average number of transactions increased.
Wednesday, 07/09/2022 | 12:05 GMT by Sylwester Majewski
Exchanges

Runaway Thodex Crypto Exchange CEO Arrested in Albania, Turkey Says

  • Fatih, who fled Turkey in April last year, was rounded up in Vlorë in Southern Albania.
  • Turkish prosecutors are seeking jail sentences of up to 40,564 years.
Friday, 02/09/2022 | 13:10 GMT by Solomon Oladipupo
CryptoCurrency

Turkey Seeks Jail Sentences of over 40,000 Years for Thodex Founders

  • A total of $24 million was lost due to the collapse of the crypto exchange.
  • The defendants are accused of establishing a criminal organization.
Friday, 01/04/2022 | 21:13 GMT by Felipe Erazo
CryptoCurrency

Turkey May Adopt Shiba Inu, Can the Price Break Higher?

  • AK Party Group Deputy Chairman, Mustafa Elitaş discussed adopting Shiba Inu.
  • Shiba Inu trading volumes against the Turkish Lira surpass Bitcoin.
Thursday, 10/03/2022 | 16:20 GMT by Matti Williamson
CryptoCurrency

Two European Football Clubs Terminate Sponsorship Deals with Bitci

  • Lisbon and Spezia have ended their relationship with Bitci.
  • The crypto exchange seems to be struggling to stay afloat financially.
Monday, 28/02/2022 | 08:30 GMT by Nicholas Otieno
News

Turkish Regulator Fines Binance $750K

  • The exchange allegedly violated local anti-money laundering laws.
  • It was the first such action against any crypto platform in the country.
Monday, 27/12/2021 | 07:29 GMT by Arnab Shome
Institutional FX

Turkey Halts Stock Trading as Lira Plunges to New Low

  • The Turkish Lira suffered a crash on the Turkish Stock Exchange on Friday.
  • Also, the Lira has lost 40% of its value since the start of the year.
Monday, 20/12/2021 | 08:03 GMT by Nicholas Otieno
News

Erdogan Says Turkish Government Is ‘At War’ with Cryptocurrencies

  • The AK Party Deputy Chairman noted that cryptos open the doors 'to grievances.'
Monday, 20/09/2021 | 20:35 GMT by Felipe Erazo
Brokers

Kapital Investment Group Acquires Turkish Broker Isik Menkul

  • The company is planning to expand its product range through the latest acquisition.
Wednesday, 04/08/2021 | 09:49 GMT by Bilal Jafar
Thought Leaders

Turkish Lira Trades Near Record Lows on Unorthodox Monetary Policies

  • Biden's “genocide” declaration and unorthodox monetary policies by President Erdogan have sent the lira falling.
Thursday, 13/05/2021 | 12:24 GMT by Finance Magnates Staff
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