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.
The Turkish city of Konya, a major cultural and historical center of the country, is developing its own coin and blockchain ecosystem for public services.
Turkish City Developing Crypto and Blockchain Solutions for Public Services
Huobi joins Turkey’s leading blockchain initiative to support local cooperation.
Huobi Joins Blockchain Turkey Platform to Boost Local Ecosystem
Emin Gün Sirer's AVA Labs partnered with BlockchainIST Center in Turkey.
Turkey's University Center to Develop Blockchain Projects on Cornell Prof’s Ava Platform
Capital Markets Board of Turkey, the country’s securities regulation agency, has plans to step up guidance and oversight of crypto transactions in 2020.
Turkey's Financial Watchdog Plans to Regulate Crypto Markets, Report Says
Turkish Takasbank has launched its BiGA Digital Gold platform to provide banks with a blockchain-based system for digital gold transfers.
Turkish Bank’s Blockchain Platform for Digital Gold Transfers Goes Live
Mobile payments service MenaPay announced support for Twitch donations with their MenaCash stablecoin.
Twitch Users Can Now Tip Streamers With MenaPay Stablecoin
Binance, the second largest exchange by daily trading volume, has extended trading pairs for the Turkish lira and the Russian ruble.
Binance Expands Trading for Turkish Lira Trading Pairs