Turkey’s Capital Markets Board (CMB) has introduced a new regulatory framework to tighten oversight of cryptocurrency exchanges, custodians, and wallet service providers. The new rules, announced on March 13, impose stricter compliance requirements, transparency measures, and operational restrictions on crypto businesses operating in the country. Under the updated regulations, crypto ...
The Istanbul Regional Court of Justice has overturned part of the conviction against Faruk Fatih Özer, the founder of the now-defunct cryptocurrency exchange Thodex. While the court dismissed charges related to organizing a criminal enterprise, it upheld his convictions for fraud and money laundering, local reports confirm. Özer, who was ...
Turkey is witnessing a notable increase in interest from cryptocurrency firms seeking to operate in the country. The Turkish Capital Markets Board (CMB) has reported that 47 cryptocurrency companies have applied for licences under newly introduced regulations. This influx of applications follows the July 2 enactment of the "Law on ...
Turkish lawmakers have passed a cryptocurrency bill that could impose hefty fines of up to $182,600 and prison sentences of up to five years for violations. The legislation, introduced by the ruling AK Party's chairman Abdullah Güler in May, now awaits President Recep Tayyip Erdoğan's approval. If signed, it will ...
The Turkish ruling party, the AK Party, has reportedly submitted a draft bill to parliament in a bid to update the laws governing the country's cryptocurrency market. According to Reuters, the bill aligns with international standards and emphasizes licensing and registration for crypto service providers. It also focuses on enhancing ...
Misyon Bank, a leading Turkish neobank, is expanding its services to include virtual asset custody and tokenization through a strategic partnership with Taurus, a Swiss digital asset custody provider. The collaboration, announced on Tuesday, March 26, via Taurus' official website, will see Misyon, via its subsidiary MisyonTech, offer digital asset ...
Faruk Fatih Özer, the founder and former CEO of Thodex, has been sentenced to seven months and fifteen days in prison for failing to provide necessary documents during the ongoing trial regarding Thodex's operations. This verdict comes three months after Özer's arrest in Turkey. According to a report by Hürriyet ...
