The decentralized exchange was one of 46 websites Turkey's financial regulator said would be blocked for residents.
Turkey News
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Countries that ban crypto payments often have no restrictions on using crypto abroad, but such legal overlaps may attract scrutiny from global regulators like the FATF.
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Turkey’s Finance Ministry plans new rules requiring crypto platforms to collect source and purpose data, with limits on stablecoin transfers.
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The Crocodilus banking trojan is expanding globally with new campaigns targeting crypto wallets and banking apps, now reaching Europe and South America.
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Speculative activity remains closely tied to global funding rates, highlighting crypto’s growing “interconnectedness” with traditional finance, a BIS report claimed.
3062 - Opinion
Boutique market makers offer tailored liquidity solutions that address local challenges and provide stable financial access, while bridging liquidity gaps in emerging markets.
1531 - Market Analysis
Analysts say Bitcoin’s inflation-hedging ability is uncertain in developed economies but more effective in emerging markets.
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The Turkish Capital Markets Board established full regulatory control over crypto asset platforms, taking responsibility for CASP licensing, operations and compliance.
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A positive ruling could pave the way for new business models in Turkey, particularly for crypto exchanges seeking licenses.
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Turkish banks have been increasingly moving into crypto by offering their clients investments in diverse crypto assets, with BankPozitif being the latest.
3124 - Newsletter
The IRS issued new regulations requiring DeFi platforms to report crypto transactions. In response, the Blockchain Association filed a lawsuit against the IRS, arguing that the rules are unconstitutional.
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The regulation is set for implementation on Feb. 25, 2025, allowing the country’s crypto service providers to halt “risky” crypto transactions with insufficient user information.
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The reversal comes just three months after the US-based crypto exchange submitted its pre-application to the Turkish government.
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An annual survey in Turkey showed that crypto is the third most preferred investment instrument among investors after gold and foreign currencies.
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Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.
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