Turkey aims to shed FATF ‘grey list’ status with new crypto regulations
The Turkish finance minister reportedly stated that crypto assets are the sole outstanding technical compliance matter.
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Bitcoin Hit ATH in Nigeria, Argentina, and Turkey Amid Raging Inflation
Bitcoin is trading at a premium in several countries facing extreme currency devaluation and political uncertainty, including Nigeria and Turkey. As of Friday morning, the leading cryptocurrency is hitting new…
Turkey plans to craft crypto framework in 2024
The Presidential Annual Program for 2024 sets an aim to finalize the crypto regulations in the country within the next year.
This Cryptocurrency Exchange is Integrating Shiba Inu’s Shibarium
TL;DR Turkish crypto exchange Bitcointry successfully integrates the Shibarium chain, sparking optimism for a potential SHIB or BONE rally. LUCIE, Shibarium’s Marketing Strategist, highlights the integration and poses a question…
UAE Leads MENA Region in DeFi Adoption: Chainalysis Report
MENA (Middle East and North Africa) region has been increasingly adopting cryptocurrency for various reasons. In countries with unstable currencies or high inflation rates, cryptocurrency serves as a means to…
Thodex Founder Faruk Özer and His Siblings Sentenced to 11,196 Years in Prison: Report
Faruk Fatih Özer, the founder of the now-defunct Turkish cryptocurrency exchange Thodex, has been sentenced to 11,196 years, ten months, and 15 days for defrauding 400,000 users of over $2…
Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report
The Thodex founder fled the country in 2021 only to be detained in Albania in Aug. 2022 and extradited to Turkey in April 2023.
52% of Turks Are Crypto Investors, Young Women Show Enhanced Appetite: KuCoin Study
KuCoin’s most recent report focused on the crypto trends in Turkey estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins. The…
Thodex Founder Receives 7-Month Prison Sentence (Report)
Faruk Fetih Özer – founder of the once-leading Turkish cryptocurrency exchange Thodex – will spend seven months and 15 days in jail for failing to submit necessary documents to the…
Thodex CEO sentenced to Turkish prison for failure to submit tax documents
Faruk Fatih Özer failed to submit the requested documents to the Tax Inspection Board. He denied being Thodex’s official at the time, which prevented him from presenting the requested books.