Turkey

Turkey

Finance

Crypto Exchange OKX Enters Turkey as Part of Global Expansion Plan

OKX President Hong Fang says there is a high demand for crypto in the country.

Turkey flag. (Michael Jerrard/Unsplash)

Policy

Turkey’s Upcoming Crypto Rules Will Protect Users While Fostering Innovation, Lawmaker Says

Ömer İleri, who oversees Information and Communication Technologies for Turkey’s ruling party, met with representatives of the crypto sector to discuss upcoming regulations.

Ömer İleri, Deputy Chairman in charge of Information and Communication Technologies for Turkey's ruling AK Party. (CoinDesk Turkey)

Opinion

In Search of Financial Freedom: The Answer Lies With Bitcoin, Not Stablecoins

"It is not enough to swap one master for another, be it a government or a corporation," Montclair State University adjunct professor Burak Tamaç writes.

Many Turkish citizens are using stablecoins to protect their wealth amid inflation, Burak Tamaç writes. (Stefan Kostoski/Unsplashed, modified by CoinDesk)

Policy

Turkey Will Conclude Technical Studies for Crypto Legislation Soon: Finance Minister

Under draft proposals, crypto firms will be required to obtain licenses from the country’s capital markets regulator.

Turkish Flag Turkey (Unsplash)

Markets

Turkey’s Banking Giants Go Big on Crypto as Legislation Looms

This week, two of the country’s largest banks announced crypto initiatives.

Turkish Flag Turkey (Unsplash)

Policy

Hull City Sponsor Tomya Crypto Exchange Embroiled in Turkey Fraud Scandal

The owner of Tomya was among 25 people detained in Turkey as the country prepares new crypto legislation.

Turkish Flag Turkey (Unsplash)

Policy

Turkey in 'Final Stage' of Bringing Crypto Legislation as Last Step to Get Off FATF's Gray List: Minister

Turkey has been on the "gray list" of the Paris-based global money laundering and terror financing watchdog since 2021.

Turkish Flag Turkey (Unsplash)

Finance

Binance CMO Hails Istanbul as a Crypto Hub

Binance CMO Rachel Conlan spoke to CoinDesk Türkiye in the lead up to Binance Blockchain Week.

(Engin Yapici/Unsplash)

Policy

11,196 Years Jail Sentence for Faruk Özer, CEO of Collapsed Turkish Crypto Exchange Thodex

Thodex was one of Turkey's largest crypto exchanges before it suddenly went offline in April 2021 and Özer went missing.

Istanbul, Turkey image via Sabino Parente/Shutterstock

Markets

Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin

BiLira's TRYB stablecoin is pegged to the lira (TRY) and 100% backed by fiat reserves held in Turkish banks.

TRYB's market cap (Coingecko)