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 lira-backed stablecoin BiLira is now open for trading on cryptocurrency exchange Bittrex Global.
Bittrex lists Turkish stablecoin BiLira
Fan token adoption heats up as Trabzonspor joins the craze.
Another Turkish football club is capitalizing on blockchain madness
BtcTurk joins forces with the Turkish Football Federation on the road to the UEFA European Championship 2021.
A Crypto Exchange Is the Major Sponsor of Turkey's National Soccer Teams
Turkish residents are losing faith in their local fiat currency, with confidence in the lira falling 20% this year.
Turkey Residents Panicking Over Massive Inflation
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.
Bitcoin Price Hits New All-Time High Against Turkish Lira
A new survey shows that Turks may not be trading and using cryptocurrencies as much as previous reports have indicated.
New Data Debunks Reports of Turkey as Leader in Crypto Adoption
Turkish real estate firm Antalya Homes announced that its customers can now pay for properties listed on its platform with Bitcoin.
Turkish Real Estate Firm Antalya Homes Now Supports Bitcoin Payments