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.
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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.
Can Muslim crypto fight US economic dominance? Iran thinks so
The President of Iran has called on Muslim nations to develop a cryptocurrency that could help them avoid using the USD, reducing the U.S economic dominance.
This week in tech: Regulation takes center stage as China delves further into blockchain
China is advancing in blockchain adoption, the U.S. is moving towards regulation, Hong Kong and Turkey are moving closer to launching CBDCs
Turkey digital lira trials to conclude by end of 2020
The blockchain-based digital lira is expected to be issued as part of the 2020 Annual Presidential Program, allowing residents to make instant payments using the digital currency.
National blockchain infrastructure coming to Turkey
The Turkish government plans to integrate blockchain technology into the country’s public administration.