Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey

Fugitive Crypto Exchange Founder Faruk Ozer Extradited to TurkeyAlbania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring of 2021 and was arrested last year by Albanian law enforcement. Albania Hands Over Alleged Crypto Fraudster to Turkish Authorities […]

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Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto SettlementsBank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The […]

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Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey

Cryptocurrency Exchanges Offer Assistance to Earthquake-hit TurkeyMajor crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations for a charity organization. Leading Exchanges Commit to Supporting the Victims of the Earthquake in Turkey […]

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Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’

Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported. Its first task will be to address recent problems with some cryptocurrency exchanges and boost confidence in the industry as a whole. New Entity to Deal With Issues in the Crypto Space […]

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BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues

According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level of $16.77 billion. Stablecoin […]

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Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network

Central Bank of Turkey Reports First Payment Transactions on Digital Lira NetworkThe Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to invite banks and fintech companies to join the trials. Turkey to Widen Participation in Digital Lira Project, Focus […]

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Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets

Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes AssetsThe Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the troubled coin trading platform. Turkey’s Financial Intelligence Unit Initiates Another FTX-Related Probe Financial regulators in Turkey have started […]

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Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to Turkey

Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to TurkeyA court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the coin trading platform collapsed. Albanian Judiciary Prepares to Hand Over Alleged Crypto Fraudster and […]

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Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse

Turkey’s Financial Intelligence Unit Launches Investigation Into FTX CollapseThe Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial Watchdog Sets Out to Dig Deeper Into FTX Case Turkey’s Financial Crimes Investigation […]

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Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

Erdogan Suggests Turkish-Russian Payment System, Local Media ReportsTurkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments by Russian tourists visiting the country. President Erdogan […]

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