Turkey

Bybit has launched the world’s first Shariah-compliant Islamic Crypto Account for ethical trading, following Bybit Türkiye’s recognition by Turkey’s Capital Markets Board as a crypto asset service provider.

After 60 years of waiting, Turkey just threw its chances of ever joining the European Union (EU) out of the window, with the recent application for a membership with the BRICS alliance.

Turkey’s interest in joining BRICS reflects a strategic effort to diversify its economic and geopolitical partnerships. While there are potential benefits, challenges and uncertainties regarding the bloc’s influence and Turkey’s trade dynamics remain.

Turkey’s new crypto regulations, effective from 2 July 2024, require all crypto service providers to apply for licenses or liquidate by 2 October 2024. Key players like Coinbase and KuCoin have not yet started the licensing process, reflecting potential challenges in adapting to the new rules.

Turkey exempts stocks and cryptocurrencies from direct taxes, aiming to boost investment. New regulations prioritize security, compliance, and licensing to create a safer market environment, supported by industry for growth potential.

Turkish authorities dismantle crypto scam, detaining over 100 suspects in 'Operation CYBERGÖZ-42,' seizing assets worth over 1 billion Turkish Lira.

OKX launches OKX TR in Turkey, facilitating TRY trading pairs. Partnering with local banks, offering 24/7 support, and advanced virtual asset functionalities.

OKX enters Turkey's crypto market with OKX TR, offering Turkish Lira services and localized support. The move reflects OKX's global expansion strategy and commitment to regulatory compliance amidst international challenges.

Visa and Transak's collaboration facilitates seamless crypto-to-fiat conversions directly to Visa debit cards, offering users in 145 countries a faster and more accessible experience. This move signifies a substantial step towards mainstream acceptance and utilization of cryptocurrencies, enhancing the global reach of digital assets.

Explore Turkey's transformative journey in cryptocurrency regulation. This in-depth analysis covers the latest regulatory changes aimed at minimizing risks and aligning with global standards, offering insights into the future of digital finance in Turkey.