News
Searches for Bitcoin emanating from Turkey exploded after news broke regarding the 14% plunge in the value of the Turkish lira.
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Turkey News
Turkey is a southwestern Asian country with a population of 80 million people and an area of 783 thousand kilometers. Turkey is a big and influential developed economy with the 17th largest nominal GDP and has a leading position in exports of such goods as agricultural products, vehicles, construction materials and consumer electronics. The strongest companies in Turkey are mostly from financial, telecommunication and construction industries. The Turkish banking sector is one of the most robust and widespread financial sectors in the Middle East. Bitcoin is not regulated in Turkey. Turkish authorities don’t consider Bitcoin to be a currency or electronic money. However, Bitcoin is pretty popular in Turkey, as both its usage and demand are growing. The Turkish lira-Bitcoin exchange BTCTurk offers the exchange of Bitcoin and foreign currency in the Istanbul airport in Bitcoin ATMs.
- News
Regulators are taking a hard look at crypto in Turkey, but local experts welcome the oversight.
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Statista has found that one-in-three Nigerians held or used crypto assets during 2020.
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While the announcement came as a surprise to some, a digital Lira has been in the works since 2019
20214 - New Year Special
Turkey started off strong in crypto and blockchain in 2020 — then the pandemic happened.
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Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions.
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Bitcoin has broken record levels against at least nine world currencies as its U.S. dollar price marches toward $20,000.
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The appetite for blockchain-based fan tokens appears to be limitless among big-league soccer clubs across the globe.
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The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies.
9512 - Follow up
Uniswap’s UNI token distribution paid nearly half of the tuition for students who attended one “Crypto 101” course.
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The Turkish lira-backed stablecoin BiLira is now open for trading on cryptocurrency exchange Bittrex Global.
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Fan token adoption heats up as Trabzonspor joins the craze.
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BtcTurk joins forces with the Turkish Football Federation on the road to the UEFA European Championship 2021.
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Turkish residents are losing faith in their local fiat currency, with confidence in the lira falling 20% this year.
22371 - Markets News
As the Turkish lira hits record lows despite foreign reserve selling, Steve Hanke says that only a “gold-backed currency board” can save the economy.
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