Turkey

The post Global Crypto Giants Race for Turkey: Who’s In and Who’s Holding Back? appeared first on Coinpedia Fintech News Turkey is seeing a wave of high interest from various crypto companies eager to provide their services to the Turkish people. The Capital Markets Board of Turkey has just put out a list of 47 crypto exchanges that want to set up shop in the country. Implementation of the “Law on Amendments to the Capital Markets Law,” that came into…

The post Is Binance planning to quit the Turkey market? appeared first on Coinpedia Fintech News Five days after the Turkish Parliament adopted a new crypto assets regulation bill, Binance global announced adjustments to its services in Turkey. Binance announcement titled “Updates to Binance’s services in Turkey under the new crypto regulations” stated that Binance.com will remain accessible to Turkey users however, the Turkish language will be turned off over the period of next three months. Turkish crypto assets regulation…

In Turkey, soaring inflation reached 68.5% in March, a stark increase that has propelled Bitcoin to near all-time highs against the Turkish Lira. The Turkish Statistical Institute’s recent data highlights a 3.16% monthly inflation rise. Turkish Citizens Resort to Crypto Amidst Soaring Inflation Key sectors such as education, communication, and hospitality have driven the surge in inflation, with respective month-on-month increases of 13%, 5.6%, and 3.9%. The education and hospitality sectors witnessed the highest annual inflation, recording 104% and 95%,…

In the last 24 hours, several crypto businesses have stepped up with a promise to help Turkey after the nation suffered two ruinous earthquakes. These alongside numerous aftershocks have claimed over 1500 lives across Turkey and Syria. Parts of both regions have crumbled following the disaster meaning, not all the victims have been discovered yet. On Monday, February 6, Turkey's Kahramanmaras Province took a hit from a devastating 7.8 magnitude earthquake. A few hours later, it was followed by another…

Turkish residents are turning to cryptocurrency and gold as the nation remains in the grip of rapidly rising inflation rates. Inflation Rates Soar Over the years prices in Turkey have shot up gradually. However, June marked the highest increase the nation has seen in nearly a quarter-century. At the moment, Turkey’s statistics institute places the annual inflation rate at 78.62%. The agency recorded a 4.95% increase from May’s 73.5% inflation rate. Various factors have contributed to the skyrocketing prices. These…

The Turkish lira crisis is leading many investors to look with interest to the world of cryptocurrencies. The data shows how the increase in people who convert the Turkish currency into Bitcoin (BTC) has never been higher. This article will provide more details regarding what is happening in the Turkish currency market. After this premise, it will be easier for readers to understand the success of BTC in the country. The Lira crisis – A sad tale of high inflation…

While some political and corporate leaders have been eager to invest in and adopt cryptocurrencies, others are entirely hostile. Turkish President Tayyip Erdogan recently declared outright war on the Bitcoin network. President Erdoğan: "We Are At War" President Erdoğan expressed his opposition to Bitcoin in a meeting with Turkish students this Saturday. The event comes after one of them asked if the country's central bank would adopt cryptocurrencies. Erdogan responded with total rejection: "We have absolutely no intention of embracing cryptocurrencies. On the…