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Turkey

47 VASPs have applied for licensing in Turkey: Capital Markets Board
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14 August, 2024

47 VASPs have applied for licensing in Turkey: Capital Markets Board

Under the country’s capital markets law, which took effect a month ago, 47 virtual asset service providers are currently awaiting...
META region’s AI spending may climb to $7B by 2026: report
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15 July, 2024

META region’s AI spending may climb to $7B by 2026: report

Data released by the IDC shows that the projected AI spending of up to $7 billion would be driven by...
Turkey eyes 0.03% tax on digital asset transactions: report
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24 June, 2024

Turkey eyes 0.03% tax on digital asset transactions: report

The new tax is part of a larger proposal by the Erdogan government to raise $7 billion to plug a...
Turkey tops list for stablecoin purchases versus GDP
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30 April, 2024

Turkey tops list for stablecoin purchases versus GDP

Stablecoin purchases accounted for 4.3% of Turkey’s GDP, the highest ratio globally; the U.S. ranked fourth at 0.5% despite having...
Turkey’s two-tier CBDC to support programmable payments
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1 March, 2024

Turkey’s two-tier CBDC to support programmable payments

The digital lira will also focus on user privacy and only support one account per user, accessible through all intermediary...
Turkey is edging closer to issuing digital asset rules, minister says
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14 January, 2024

Turkey is edging closer to issuing digital asset rules, minister says

The new draft rules will require exchanges to obtain licenses and be subject to similar operational requirements as financial institutions,...
Turkey CBDC trials focus on interoperability
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12 January, 2024

Turkey CBDC trials focus on interoperability

After the success of the first pilot test, the Central Bank of Turkey enters the phase 2 of digital lira...
Turkey weighs digital asset regulations to curb ‘system abuse’: report
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28 November, 2023

Turkey weighs digital asset regulations to curb ‘system abuse’: report

As one of the world’s largest digital asset hubs, Turkey is focused on licensing and taxing digital asset operations to...
Turkey to set up digital currency framework by 2024
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4 November, 2023

Turkey to set up digital currency framework by 2024

Under the proposed framework, the Turkish government will offer modern definitions for VASPs to include exchanges and brokers and hinted...
Turkey to adopt new digital asset laws in effort to get back into FATF’s good graces
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3 November, 2023

Turkey to adopt new digital asset laws in effort to get back into FATF’s good graces

The lack of a dedicated legal regime for digital assets in Turkey has been cited by the Financial Action Task...
Thodex exchange founder sentenced to 11,000 years in prison
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13 September, 2023

Thodex exchange founder sentenced to 11,000 years in prison

Thodex went bust with over $2.6 billion, according to blockchain sleuths, and Turkish prosecutors requested the court imprison the founder...
Thodex exchange founder sentenced to 7 months imprisonment over failure to submit tax documents
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23 July, 2023

Thodex exchange founder sentenced to 7 months imprisonment over failure to submit tax documents

Faruk Fatih Özer said he couldn’t access the documents as Thodex was under a trustee, but the judge rejected the...