Lira – DIGIT INFO

Turkey Scraps Planned Crypto Tax, Targets Economic Reforms

DIGIT — Fri, 27 Sep 2024 03:30:28 +0000

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 […]

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

DIGIT — Sat, 31 Dec 2022 08:30:01 +0000

The 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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Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings

DIGIT — Mon, 19 Dec 2022 23:30:53 +0000

On Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks froze Lebanese bank accounts, and a number of branches have remained closed indefinitely. The deprivation of wealth has caused a few impoverished […]

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Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed

DIGIT — Sat, 06 Aug 2022 07:30:18 +0000

According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall rate increase. Transportation Costs Rose the Most Turkey’s consumer inflation […]

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Turkish Referee Flips Bitcoin at Istanbul Derby Kick-Off, Soccer Authority Launches Probe

DIGIT — Mon, 16 May 2022 06:30:36 +0000

A soccer referee’s decision to toss a bitcoin before the start of a recent match between Istanbul giants Beşiktaş and Fenerbahçe has sparked controversy in Turkey. The country’s football authority is trying to establish why a crypto coin was used for the ritual when that role should have been reserved for the Turkish lira. Bitcoin […]

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Bitcoin hits $49K as BTC price gets unlikely boost from Erdogan’s Turkish lira tinkering

DIGIT — Tue, 21 Dec 2021 09:36:28 +0000

The man who declared “war” on crypto in September helps fuel snap overnight gains.

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Bitcoin wobbles below $46K as 1 BTC passes 800K Turkish lira for the first time

DIGIT — Mon, 20 Dec 2021 11:08:39 +0000

Bitcoin price weakness is arguably only welcomed by those who chose it over saving in lira this week.

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Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform

DIGIT — Thu, 16 Sep 2021 11:00:23 +0000

The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of the prospective digital lira. Turkey Sets Up Digital Lira Collaboration Platform The Central Bank […]

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Bitcoin caught in the crossfire as Turkish opposition leader voices support

DIGIT — Fri, 16 Apr 2021 18:17:19 +0000

A blanket ban on crypto, Bitcoin is now also a talking point for Turkey’s politicians.

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No, Bitcoin Isn’t Trading for $15K in Lebanon After Currency Collapse

DIGIT — Sat, 25 Apr 2020 12:37:00 +0000

While some media outlets are claiming that Bitcoins are trading for $15,000 in Lebanon, it would appear the actual price is closer to $7,850

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