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As inflation and currency turmoil intensify across Sub-Saharan Africa and Turkey, crypto use is surging, signaling a pivotal shift that is fueling new momentum for Ripple’s expanding foothold in these rapidly evolving markets. Ripple Confirms Tremendous Traction as Africa and Turkey Reshape Demand Ripple executive Reece Merrick shared earlier this week on social media platform … Read more
Turkey’s crypto landscape is reeling after the shocking prison death of the Thodex founder, a figure at the center of the country’s largest-ever digital asset fraud case, reigniting fierce debate over investor trust and crypto oversight. Thodex Scandal Resurfaces After Founder Found Dead in Tekirdağ Prison The death of one of Turkey’s most controversial cryptocurrency … Read more
The Turkish government is set to empower its financial crime watchdog with new authority to freeze or restrict access to bank and cryptocurrency accounts. Alignment with Global Standards The Turkish government is reportedly preparing to grant its financial crime watchdog, the Financial Crimes Investigation Board (MASAK), new authority to freeze or restrict access to both … Read more
Turkish households hold an estimated $311 billion worth of unregistered physical gold outside the formal financial system, a massive stockpile far exceeding the central bank’s official reserves. Beyond Banks: Türkiye Citizens Hold $311B in Physical Gold According to central bank estimates cited by Onur Erdogan for Türkiye Today, this “under-the-pillow” gold, calculated as of the … Read more
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
