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Turkey

Turkey to set up digital currency framework by 2024
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4 November, 2023

Turkey to set up digital currency framework by 2024

Under the proposed framework, the Turkish government will offer modern definitions for VASPs to include exchanges and brokers and hinted...
Turkey to adopt new digital asset laws in effort to get back into FATF’s good graces
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3 November, 2023

Turkey to adopt new digital asset laws in effort to get back into FATF’s good graces

The lack of a dedicated legal regime for digital assets in Turkey has been cited by the Financial Action Task...
Thodex exchange founder sentenced to 11,000 years in prison
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13 September, 2023

Thodex exchange founder sentenced to 11,000 years in prison

Thodex went bust with over $2.6 billion, according to blockchain sleuths, and Turkish prosecutors requested the court imprison the founder...
Thodex exchange founder sentenced to 7 months imprisonment over failure to submit tax documents
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23 July, 2023

Thodex exchange founder sentenced to 7 months imprisonment over failure to submit tax documents

Faruk Fatih Özer said he couldn’t access the documents as Thodex was under a trustee, but the judge rejected the...
Thodex exchange founder extradited to Turkey, faces criminal charges
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25 April, 2023

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...
Turkey completes phase 1 of digital lira pilot, pledges to push ahead in 2023
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4 January, 2023

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...
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