Coinbase axes plans to expand into Turkey

December 2, 2024 Coin Telegraph

Blockchain

The reversal comes just three months after the US-based crypto exchange submitted its pre-application to the Turkish government.

Cryptocurrency exchange Coinbase has withdrawn its pre-application for entry into the Turkish crypto market, according to documents released by the Turkish Capital Markets Board (CMB).

Coinbase had previously joined several prominent enterprises seeking entry into Turkey’s cryptocurrency market with more than 90 companies submitting applications in the past year.

Documentation indicating Coinbase’s withdrawal and request for liquidation. Source: Ahmet Karaca

Interest in Bitcoin-backed loans returns: Will TradFi join this time?

Tether Proposes Establishing Tokenized Boron Commodity Markets in Turkey

October 25, 2024 Bitcoin.com

bitcoin.com

Tether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and establishing a national exchange for boron transactions. Tether Pitches Boron Tokenization Proposal in Turkey Tether, one of the largest cryptocurrency […]

Interest in Bitcoin-backed loans returns: Will TradFi join this time?

Bybit Türkiye Gains Recognition as a Crypto Asset Service Provider by Turkish Regulator

September 23, 2024 Bitcoin.com

Bitcoin

Bybit Türkiye, the partner platform of global cryptocurrency exchange Bybit, has been officially listed as a crypto asset service provider by the Capital Markets Board (CMB) of Turkey. Turkish Regulator Grants Bybit Türkiye Crypto Asset Service Provider Status According to Bybit Türkiye’s announcement, the recognition marks a significant milestone for the exchange, allowing it to […]

Interest in Bitcoin-backed loans returns: Will TradFi join this time?

Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

September 10, 2024 Bitcoin.com

Over Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

bank transfers

Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia […]

Interest in Bitcoin-backed loans returns: Will TradFi join this time?

Turkey Seeks to Join BRICS to Strengthen Global Influence

September 3, 2024 Bitcoin.com

alliances

Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized […]

Interest in Bitcoin-backed loans returns: Will TradFi join this time?

Coinbase, Binance, Bitfinex and 73 Other Firms Apply for Crypto Asset Service Provider License in Turkey

August 20, 2024 The Daily Hodl

Binance

Binance, Coinbase, Bitfinex and 73 other crypto firms have applied for crypto asset service provider licenses in Turkey. In June, the Turkish government enacted a new digital asset regulatory regime that requires crypto firms to secure permission to operate from the Capital Markets Board (CMB) of Turkey, the country’s financial regulator. The CMB published a […]

The post Coinbase, Binance, Bitfinex and 73 Other Firms Apply for Crypto Asset Service Provider License in Turkey appeared first on The Daily Hodl.

Interest in Bitcoin-backed loans returns: Will TradFi join this time?

47 Companies Apply to Operate in Turkey Under New Crypto Regulations

August 12, 2024 Bitcoin.com

Binance Turkey

Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with liquidation by specified deadlines, with legal repercussions for noncompliance. Turkey’s Capital Markets […]

Interest in Bitcoin-backed loans returns: Will TradFi join this time?

BtcTurk CEO steps down from one of Turkey’s biggest crypto exchanges

July 18, 2024 Coin Telegraph

Btcturk

Ozgur Guneri spent seven years as the head of the popular Turkish crypto exchange. He will remain with the company as a director.

Ozgur Guneri, the CEO of Turkish cryptocurrency exchange BtcTurk, announced he is stepping down after leading the company’s business operations for seven years.

According to Bloomberg, the change in management comes amid BtcTurk’s planned expansion to Africa, the Asia-Pacific region, and Latin America in a bid to become a global crypto exchange.

BtcTurk founder Kerem Tibuk will take over as CEO, while Guneri will remain with the company and serve on the board of directors.

Interest in Bitcoin-backed loans returns: Will TradFi join this time?

Tether to Drive Digital Asset Education in Turkey

July 3, 2024 Bitcoin.com

bitcoin.com

Crypto industry leader, Tether Operations Limited, and technology and strategy company, BTguru, have entered into a Memorandum of Understanding (MoU) to assess digital assets educational initiatives in Turkey (Türkiye). The MoU aims to develop comprehensive programs introducing stakeholders to blockchain and peer-to-peer technology, and explore real-world asset tokenization use cases for banks. This collaboration could […]

Interest in Bitcoin-backed loans returns: Will TradFi join this time?

Terraform Labs to shut down after $4.5B SEC settlement: Law Decoded

June 17, 2024 Coin Telegraph

Terraform Labs to shut down after .5B SEC settlement: Law Decoded

Australia

Terraform Labs plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.

Terraform Labs has agreed to pay the United States Securities and Exchange Commission (SEC) roughly $4.47 billion as part of its settlement with the securities regulator. The duo settled after a jury found Terraform Labs and its co-founder liable for the Terra ecosystem collapse, which erased $40 billion in investor assets.

Chris Amani, CEO of Terraform Labs, has announced that the firm will cease operations following the settlement. The company plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.

In other news, lawyers for blockchain payments company Ripple have asked a court to consider an “appropriate” civil penalty in its case with the SEC following a settlement between the regulator and Terraform Labs. The SEC has requested that Ripple pay roughly $2 billion in disgorgement, prejudgement interest and civil penalties. Ripple has argued it should pay no more than a $10 million penalty.

Turkey

Share this video