Thodex exchange founder extradited to Turkey, faces criminal charges
If convicted by Turkish courts, Faruk Fatih Ozer, CEO of defunct Thodex exchange, could face over 10 years in prison and disgorgement of illicit gains.
Latest Turkey News
Turkey completes phase 1 of digital lira pilot, pledges to push ahead in 2023
The Turkish central bank announced that it had conducted the first successful transactions on the digital lira and said it would involve banks in phase 2.
my2cents-hosted Blockchain Developer Conference in Istanbul coming up on November 15
The two-day event in Turkey tarts on November 15 and will feature experts including Dr. Craig Wright, Latif Ladid, and more.
My2Cents to showcase BSV Blockchain at Developers Conference in Istanbul
The conference is aimed at developers, entrepreneurs, and students at Turkey’s top universities and will be held at the TİM Show Centre in Istanbul on 15 and 16 November.
Turkey’s central bank set to launch state-backed digital currency in 2023
Turkey is slated to roll out its digital lira in 2023 as part of its goal to reach the unbanked 40% of the population, but several analysts doubt the methods put in place will trigger adoption.
Thodex CEO facing 40,000+ years in prison arrested in Albania
Faruk Fatih Özer disappeared in 2021 from Turkey, allegedly taking off with over $2 billion worth of digital assets from 400,000 users, some of which he cashed out on Kraken.
Missing Thodex CEO may face 40,000+ years behind bars in new indictment
The indictment by Turkish prosecutors also seeks similar sentences for 20 other defendants whom it charges with informatics systems fraud and money laundering.
Binance unit in Turkey hit with fine over AML non-compliance
The Financial Crimes Investigation Board (MASAK) imposed a fine of 8 million lira ($750,000) on Binance’s local unit BN Teknoloji after it was found the exchange violated anti-money laundering requirements.
Turkey central bank turns to local tech sector for CBDC research
Three domestic partners were identified and invited to sign a memorandum of understanding with the bank, whose goal is to develop the “Digital Turkish Lira Collaboration Platform."
Turkey finance ministry readies digital currency bill for parliament
The country’s Ministry of Finance has finalized a digital currency bill that it would propose to parliament in October, in a bid to protect investors and prevent money laundering.
Turkish exchange BtcTurk admits to 2018 data breach affecting over 500K users
BtcTurk had initially denied the hack, but after hackers started posting some of the data they accessed, the exchange was forced to come clean.
Turkey begins digital currency transactions over $1200
The measures were announced by the Minister of Treasury and Finance Lütfi Elvan, putting the Financial Crimes Investigation Board, or MASAK, at the heart of enforcement of the rules.