Bitcoin Price Nears 4 Million Lira as Turkey’s Currency Hits the Floor
Turkey’s lira has fallen to a fresh record low near 48.8 per dollar, while bitcoin’s price now costs roughly 3.95 million lira. Five years ago, a dollar bought about 8.3…
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Turkey Scraps Planned Crypto Tax, Targets Economic Reforms
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been…
Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with…
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs,…
Turkish Referee Flips Bitcoin at Istanbul Derby Kick-Off, Soccer Authority Launches Probe
A soccer referee’s decision to toss a bitcoin before the start of a recent match between Istanbul giants Beşiktaş and Fenerbahçe has sparked controversy in Turkey. The country’s football authority…
Bitcoin hits $49K as BTC price gets unlikely boost from Erdoğan’s Turkish lira tinkering
The man who declared “war” on crypto in September helps fuel snap overnight gains.
Bitcoin wobbles below $46K as 1 BTC passes 800K Turkish lira for the first time
Bitcoin price weakness is arguably only welcomed by those who chose it over saving in lira this week.
‘We are at war’ with crypto, says Turkish President Erdoğan
The Turkish government’s plans for cryptocurrencies draw a stark contrast to its central bank digital currency intentions.
Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform
The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will…