Global #Turkey

In a significant development for Turkey’s cryptocurrency landscape, QNB Digital Assets, the digital asset arm of Turkey’s prominent QNB bank, has officially announced the cessation of its cryptocurrency services. T

A recent survey titled the “2024 Cryptocurrency Awareness and Perception Survey,” which included responses from 2,002 individuals familiar with cryptocurrency and 541 active crypto traders, has shed light on Turkey’s evolving relationship with digital assets.

Tether has proposed leveraging blockchain technology to establish a digital asset exchange in Istanbul, signaling its commitment to Turkey's growing digital asset landscape.

Turkey's cryptocurrency market is experiencing significant growth, driven by a population increasingly seeking alternatives to traditional banking amidst rising inflation.

In a high-profile case making waves across the globe, Swedish national Szakacs, now known as Emre Avcı after acquiring Turkish citizenship, has been arrested in Turkey on serious allegations of orchestrating a pyramid scheme that allegedly defrauded investors of $4 billion.

Leading digital currency trading platforms, including Coinbase Global Inc., KuCoin, and Gate IO, are pursuing licensing in Turkey as they face regulatory hurdles in the United States. This move reflects a broader trend of crypto exchanges seeking more favorable regulatory environments to support their operations and growth.