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.
Latest Turkey News
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.
Turkey plans central custodian bank following digital currency exchange fraud
Senior government officials in Turkey are considering establishing a centralized authority to tackle counterparty risk in digital currency transactions, after employees were arrested at Vebitcoin and Thodex.
Turkey arrests 62 over alleged $2B Thodex exit scam as leader flees country
Thodex exchange is suspected of taking $2 billion from close to 400,000 investors in Turkey, according to reports.
The CoinGeek Pulse Episode 41: Digital currency update, Snowden NFT sells for over $5.5M and SLictionary NFTs
Is there trouble in the digital currency paradise? With significant movement happening in the space, governments around the world are reacting, and it is not always positive for the ‘bad eggs’ in the basket.
Turkey bans ‘risky and volatile’ digital currencies for payments
The central bank termed digital currencies as risky because “they are neither subject to any regulation and supervision mechanisms nor a central regulatory authority.”
Turkey tech chief no longer negative towards ‘risky’ digital currencies
Minister for Industry and Technology Mustafa Varank says he has warmed up to digital currencies, which he described as “effective for world trade.”
Turkish Treasury exploring digital currency with regulators
The Turkish Ministry of Treasury and Finance tweeted that it was beginning work with a number of regulatory bodies to assess the risks posed by cryptocurrency, and to devise a government solution.
Turkish central bank announces surprise digital currency pilot for 2021
Turkey is set to begin trials of a new digital currency in 2021, after the country’s central bank announced it had been working on a digital lira.
This week in tech: Criminals booked as IBM and Telefonica lead adoption
The week witnessed a number of legal actions against blockchain and crypto criminals, led by the DoJ. IBM, Telefonica and Spain’s CaixaBank led the adoption of blockchain.
Turkey to work on crypto regulation as interest soars
Turkey’s capital markets regulator intends on ramping up its efforts to create crypto regulation in 2020 in response to a spike in interest in cryptos.