Tagged: turkey

April 16, 2021 @ 1:51 pm By JD Alois  |  

Earlier today, the official newspaper of Turkey published new regulations issued by the Central Bank of Turkey. According to the new rules, crypto-assets may no longer be used as a form of payments or transfers as of April 30, 2021. According to Reuters, Ahmed Faruk… Read More

January 27, 2021 @ 10:38 pm By Omar Faridi  |  

It’s not easy to enter the highly competitive space of financial “super apps.” Companies or businesses usually spend a long time acquiring the appropriate licenses and developing relevant products and services that can address the strict requirements of regulators. Although these time-consuming processes can lead… Read More

November 8, 2020 @ 10:02 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com recently announced the release of the Turkish version of the mobile app and exchange. The crypto portal’s app and exchange already support French, Spanish, Korean, Italian, Portuguese, and Chinese. As previously reported, Crypto.com serves more than three million customers by providing… Read More

October 13, 2020 @ 9:00 am By Omar Faridi  |  

We recently connected with Ray Youssef, the CEO at Paxful, a leading peer to peer Bitcoin exchange, which reported a 274% increase in new registrations in Turkey, during the past year, on its platform. There was also an average of $65,000+ in monthly trade volume… Read More

June 13, 2020 @ 11:45 am By Omar Faridi  |  

Dubai-based Tpay Mobile, a mobile payment provider, has reportedly acquired Payguru, a Turkish payments company. The amount paid for the acquisition has not been disclosed. Payguru supports mobile payments, ATM cash payments, and standard bank transfer services. The company has integrated its platform with three… Read More

June 11, 2020 @ 7:34 pm By Omar Faridi  |  

The Turkish stablecoin BiLira will reportedly be launching on AVA, an open-source platform for building and deploying decentralized finance (DeFi) apps and enterprise-grade blockchain solutions that can be run in “one interoperable, highly scalable ecosystem.” The AVA Labs team says that the new stablecoin should… Read More

May 10, 2020 @ 7:14 pm By Omar Faridi  |  

Turkish Fintech firm Figopara confirmed on May 7, 2020, that it has secured $1 million in funding from its second investment round. Existing investors World Bank’s International Finance Corporation (IFC) and Turkish angel investor Revo Capital took part in Figopora’s latest round. Founding partners Ahmet… Read More

March 23, 2020 @ 3:31 pm By Samantha Hurst  |  

Garanti BBVA, BBVA’s Turkish unit, announced on Monday it is responding to the coronavirus pandemic by implementing a series of proactive measures in order to address the outbreak, which has affected nearly 180 countries throughout the world. Garanti BBVA reported that the new measures are… Read More

March 3, 2020 @ 7:02 am By Omar Faridi  |  

Malta-based crypto asset exchange Binance recently revealed that its fiat on-ramp for the Turkish Lira has officially launched.  Binance has teamed up with Akbank, one of the largest banks in Turkey, in order to introduce the new fiat gateway. Binance’s users in Turkey now have… Read More

January 14, 2020 @ 11:08 am By Omar Faridi  |  

HSBC, a British multinational investment bank and financial services holding company with over $2.5 trillion in total assets, has reportedly been voted as the leading trade finance bank in the Middle Eastern country of Bahrain in the Euromoney trade finance survey for 2020. This is… Read More

January 8, 2020 @ 8:12 am By Omar Faridi  |  

Turkey’s Capital Markets Board is reportedly planning to regulate cryptocurrency-related transactions. The Capital Markets Board of Turkey (CMB), the regulatory agency that oversees the nation’s financial securities markets, is in the process of formulating guidelines to examine, audit, and regulate the local digital asset markets,… Read More

December 12, 2019 @ 1:17 am By Cali Haan  |  

Group-IB, a Moscow-founded cybersecurity firm now based in Singapore, “has detected a massive upload of debit and credit card records …on one of the most popular underground cardshops.” According to the firm, between October 28th and November 27th of this year, criminals uploaded more than 460,000… Read More

November 15, 2019 @ 10:59 am By Omar Faridi  |  

A recent analysis performed by Paysend, a company that allows money transfers to any Visa, Mastercard, UnionPay cards and to regular bank accounts, has revealed the world’s top ten nations with the greatest gender divide for accessing modern financial services such as banking accounts and… Read More

September 20, 2019 @ 9:53 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has formed a partnership with Enuygun, a Turkey-based online travel agency for flights, to optimize digital payments for Enuygun customers. Wirecard reported that it processes incoming credit card payments on Enuygun for… Read More

May 21, 2019 @ 3:00 pm By Samantha Hurst  |  

Alipay announced on Tuesday that fintech company ininal has become its first partner in Turkey. According to Alipay, ininal is a new-general payment platform and a subsidiary of Multinet Up. The partnership will allow Alipay to be available for Chinese mainland visitor sat bricks-and-mortar stores… Read More

May 21, 2019 @ 8:34 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it will now be providing service for BluTV, a Turkey-based streaming subscription service with over four million subscribers, in its global expansion. According to Wirecard, BluTV is a Turkish digital streaming platform and… Read More

February 14, 2019 @ 1:04 am By Cali Haan  |  

A “nationwide simultaneous operation” executed in 8 Turkish provinces has netted 24 individuals accused of conspiring to rob 13 million Turkish liras ($2.47 million) from “a cryptocurrency company” in Istanbul, The Daily Sabah reports. After receiving a complaint from the targeted business, law enforcement officers at… Read More

November 5, 2018 @ 6:48 pm By Cali Haan  |  

Police in Istanbul arrested 11 people last week in connection with the hacking theft of bitcoins from the cryptocurrency wallets of 14 victims, Hürriyet reports. Along with 11 suspects detained, police from the Cybercrimes Division also seized 18 mobile phones, 18 sim cards, 22 flash memory… Read More

August 6, 2018 @ 2:33 pm By Samantha Hurst  |  

Last week, Turkey officials revealed they have opened the country’s first university blockchain center, the Istanbul Blockchain and Innovative Center (BlockchainIST Center) at Bahçeşehir University (BAU). According to the Daily Sabah, the new center aims to close the “expertise gap” in the market in order… Read More

November 20, 2015 @ 11:35 am By Samantha Hurst  |  

With Thanksgiving less than one week away, Indiegogo shared details about a few campaigns that are showing the real reason for the holiday. The crowdfunding platform announced: “Thanksgiving is a national holiday filled with tradition, joy, food and gratitude. Every year, family members and loved… Read More