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The Turkish lira has fallen to a record low against the U.S. dollar, trading at 40.96 before recovering slightly to 38.74, following the surprise arrest of Istanbul Mayor Ekrem Imamoglu. The country’s benchmark stock index, the BIST 100, dropped by as much as 7% in response to the news, which has raised concerns about political … Read more
Turkey has introduced new cryptocurrency regulations that give the Capital Markets Board (CMB) full oversight of crypto platforms. The FATF Gray Listing Issue Turkey has unveiled new cryptocurrency regulations that grant the Capital Markets Board (CMB) full oversight of crypto platforms. The regulations also stipulate obligations that crypto asset service providers (CASPs) must meet before … Read more
The regulation is set for implementation on Feb. 25, 2025, allowing the country’s crypto service providers to halt “risky” crypto transactions with insufficient user information. Go to Source
The reversal comes just three months after the US-based crypto exchange submitted its pre-application to the Turkish government. Go to Source
Tether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and establishing a national exchange for boron transactions. Tether Pitches Boron Tokenization Proposal in Turkey Tether, one of the largest cryptocurrency … Read more
Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals. Go to Source
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing tax exemptions. This shift follows concerns about the stock market and broader efforts to stabilize the economy … Read more
Bybit Türkiye, the partner platform of global cryptocurrency exchange Bybit, has been officially listed as a crypto asset service provider by the Capital Markets Board (CMB) of Turkey. Turkish Regulator Grants Bybit Türkiye Crypto Asset Service Provider Status According to Bybit Türkiye’s announcement, the recognition marks a significant milestone for the exchange, allowing it to … Read more
Should the Turkish government pass new amendments, all cash payments above $205 would be subject to fines of 10%. Go to Source
Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia … Read more
