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Turkey
Turkey’s President Erdogan’s experience with central bank interference serves as a warning, as it led to a currency collapse and increased investment in bitcoin and stablecoins.
We don’t have a stocks tax on our agenda. It was discussed previously and fell from our agenda, Vice President Cevdet Yilmaz told Bloomberg, talking about plans that also affect crypto.
The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022.
The bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator’s scope.
After the block reward drops to 3.125 bitcoins, miners could power down their less efficient machines.
OKX President Hong Fang says there is a high demand for crypto in the country.
Many Turkish citizens are using stablecoins to protect their wealth amid inflation, Burak Tamaç writes. (Stefan Kostoski/Unsplashed, modified by CoinDesk)
Turkey is in the “final stage” of bringing crypto legislation to its parliament, a last step required for it to be removed from the Financial Action Task Force’s (FATF) “grey list.
Massive inflation and sliding purchasing power of national fiat currencies has likely boosted demand for bitcoin.
Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer and his brother Güven Özer have been sentenced to 11,196 years, 10 months and 15 days in prison.