Turkey tops the world in stablecoin buying share vs. GDP
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis. Go to Source
Turkey
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Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate
According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with smuggling hitting unprecedented levels. Additionally, there is a growing interest among … Read more
ZK community aligned with the core Web3 mission: zkDay Istanbul round-up
The ZkDay Istanbul event offered exposure and networking opportunities to new and upcoming ZK-based projects and entrepreneurs. Go to Source
Turkey mulls addressing licensing and taxation in new crypto rule
Bora Erdamar from BlockchainIST Center emphasized that upcoming crypto regulations prioritize specific licensing standards to prevent system abuse. Go to Source
No CZ, no problem: Binance Blockchain Week showcases Turkish crypto industry
Binance picked the Bosphorus as the backdrop for Binance Blockchain Week, the flagship event in its 2023 calendar. Go to Source
Turkish Lira becomes top crypto trading pair on Binance in Sept 2023
Turkish Lira accounted for 75% of all fiat volume in early September, which can be tied to the recent influx of crypto investors in the Turkish market. Go to Source
Turkey aims to shed FATF gray list status with new crypto regulations
Finance Minister Simsek reportedly stated that the sole outstanding technical compliance matter is crypto assets. Go to Source
Turkey plans to craft crypto framework in 2024
The Presidential Annual Programm for 2024 sets an aim to finalize the crypto regulations in the country within the next year. Go to Source
Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report
The Thodex founder fled the country in 2021 only to be detained in Albania in Aug. 2022 and extradited to Turkey in April 2023. Go to Source
Islamic finance and Web3 take stage at Istanbul Blockchain Week
Istanbul Blockchain Week made some necessary modifications this year to reflect the change in the overall crypto market. Go to Source