Turkey Financial News

27.12 / 09:15

cryptocurrency Binance cryptocurrency news Crypto Exchange Turkish unit of crypto exchange Binance fined: Report

cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency said on Saturday. The fine imposed on BN Teknoloji was the first of its kind after the authority took on responsibilities to oversee crypto asset service providers in May, the state-owned news agency said, without elaborating on the violations or inspections.

26.12 / 14:03

Binance Digital Platform Fine Lira Turkey’s MASAK imposes 8M lira fine on Binance Turkey citing ‘non-compliance’

Crypto is in the news in Turkey for two reasons today. For starters, Turkey‘s President Recep Tayyip Erdoğan has confirmed the completion of a crypto-law draft. It will soon be shared with the Parliament for mainstream implementation across the country.

26.12 / 07:55

business Law Binance Bitcoin Lira compliance Binance Turkey fined 8M lira for non-compliance against money laundering

The Financial Crimes Investigation Board (MASAK), which serves as Turkey’s financial intelligence unit under the Ministry of Finance and Treasury, found crypto exchange Binance’s Turkey operations guilty of violating laws that intend to prevent the laundering of money acquired through criminal means. According to local news media Anadolu Agency, MASAK carried out an audit of Law No. 5549 on Prevention of Laundering Proceeds of Crime, also known as the AML Law.

25.12 / 08:09

business Law Adoption Bitcoin Erdoğan crypto law Turkey’s crypto law is ready for parliament, President Erdoğan confirms

Turkey's President Recep Tayyip Erdoğan has reportedly confirmed the completion of a crypto law draft that will soon be shared with the Parliament for mainstream implementation in the country.

22.12 / 13:54

Blockchain Reuters Tether Bitcoin Turkey Witnesses Resurgence in Crypto Trades Above 1M per day

Turkey is witnessing a resurgence in cryptocurrency trades of above one million per day due to a continuous devaluation of the country's currency, Reuters reported.

22.12 / 12:39

markets Altcoin Bitcoin Bitcoin Price Bitcoin nears $50K — here are the BTC price levels to watch next

Bitcoin (BTC) neared $50,000 on Dec. 22 as hopes began to appear that the price correction could be over.

21.12 / 18:37

UPS Rescue Lira Turkey Rolls Out Economic Rescue Plan, Reversing Lira Spiral

ISTANBUL—Turkey’s currency mounted a dramatic, partial reversal from a monthslong collapse Tuesday after President Recep Tayyip Erdogan announced a rescue plan to encourage Turks to put their money back into the lira.

21.12 / 13:19

markets Bitcoin Bitcoin Price boost Lira Bitcoin hits $49K as BTC price gets unlikely boost from Erdoğan’s Turkish lira tinkering

Bitcoin (BTC) rebounded over 5% on Dec. 21 as a dramatic turnaround in the fortunes of the Turkish lira boosted investors’ confidence.

20.12 / 15:35

Turkey’s Currency Crisis Slams the Nutella Global Supply Chain

GIRESUN, Turkey—The farmers who produce most of the world’s hazelnuts are reeling from a currency crisis that has shaken a supply chain that stretches from this town’s jagged hillsides overlooking the Black Sea to Nutella jars on supermarket shelves.

20.12 / 14:29

markets Bitcoin Bitcoin Price Lira Time Bitcoin wobbles below $46K as 1 BTC passes 800K Turkish lira for the first time

Bitcoin (BTC) fell over 5% from local highs through Dec. 20 as macro tensions persisted into the new week.

16.12 / 13:15

Rate Cut Turkey’s Currency Crisis Escalates Ahead of Possible Rate Cut

Turkey’s currency crisis deepened in the lead-up to a central bank meeting Thursday, when officials might bow to pressure to resume interest-rate cuts despite soaring inflation.

07.12 / 22:35

cryptocurrency Killing Suspect believed to be linked to Khashoggi killing arrested at Paris airport

An alleged member of the group involved in the assassination of Saudi journalist Jamal Khashoggi was arrested on Tuesday at a Paris airport, AFP reported.

03.12 / 19:35

UPS Turkey’s Economic Turmoil Sends Desperation and Inflation Soaring

ISTANBUL—The two-decade economic boom that lifted millions of Turks into the middle class is beginning to unravel, threatened by a currency crisis that has people lining up for subsidized bread, cutting back on meat and fleeing for a better life in Europe.

23.11 / 16:43

markets Bitcoin Bitcoin Price Lira Time Bitcoin hits new all-time high in Turkey as fiat currency lira goes into freefall

Bitcoin (BTC) has frustrated investors with its recent price correction, but in one country, BTC hodlers have never been more relieved.

23.11 / 15:07

UPS Citi Waves consolidation 10-minute grocery delivery start-up Getir to buy UK rival Weezy as buzzy market enters consolidation

LONDON — Turkish start-up Getir on Tuesday agreed to acquire British rival Weezy, in the latest sign of consolidation in the ultrafast grocery delivery market.

19.11 / 17:27

Provident BTC Lowe's Bitcoin Lira Is Bitcoin ‘hope for Turkey’ as lira suffers a steep decline

People invest in cryptocurrency for different reasons. Many investors see in Bitcoin an opportunity to beat inflation and hence, they invest in it. Most of them would agree that cryptocurrency, especiallyBitcoin, is a great hedge against inflation. When inflation rises, and the value of fiat currency depreciates, BTC can provide a means to deal with such a crisis.

19.11 / 12:43

Warning Turkey’s Rate Debacle Is a Warning for Emerging-Markets Investors

When central banks in the West behave chaotically, those in developing countries have even less room to mess around. Turkey doesn’t seem to have gotten the memo.

18.11 / 18:43

Turkey Currency Crisis Threatens Economy, Posing Challenge to Erdogan Rule

ISTANBUL—A currency crisis is shaking Turkey’s economy, imperiling President Recep Tayyip Erdogan’s nearly two-decade-long grip on power and upending living standards in a country that had enjoyed years of growth.

12.11 / 13:37

Technology Twitter Belarus state airline Belavia and Turkey move to stop migrant flights

Belarus' state-run airline said on Friday that it is banning Syrians, Iraqis and Yemenis from incoming flights from Turkey at Ankara's request after Minsk was accused of bringing in migrants to send onto the European Union.

29.10 / 12:47

Provident Digital SAP safe Crypto Traders See Safe Haven in a Brokerage Newcomer in Turkey

The owners of one of Turkey’s biggest crypto exchanges have established a securities brokerage. This comes after the country’s currency saw its worst performer in emerging markets in 2021, with a loss of about 22% against the dollar.

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