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Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed – Economics Bitcoin News

According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall rate increase. Transportation Costs Rose

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Turkey Reveals Scheme That Encourages the Conversion of Gold Deposits Into Lira Time Deposits – Economics Bitcoin News

The Central Bank of the Republic of Turkey recently revealed it made the decision to provide incentives to gold deposit and participation fund holders that request to convert these into lira time deposits, a statement from the central bank has said. Incentives Intended to Boost Financial Stability The Central Bank of the

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Binance Troubles Enters Xmas, Exchange Fined 8M Lira over Multiple Infringements

Binance, the world’s largest cryptocurrency exchange by trading volume, is still dealing with regulatory issues in 2021. According to a Reuters story, the country’s Financial Crimes Investigation Board has fined Binance’s Turkish affiliate, BN Teknologi, an 8 million lira (about $751,314) penalties (MASAK). Binance Turkey Fined Binance Turkey was fined 8 million

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Binance Turkey fined 8M lira for non-compliance against money laundering

The Financial Crimes Investigation Board (MASAK) has fined Binance Turkey 8 million lira (nearly $750,000) after the crypto exchange failed the financial watchdog’s audit for monitoring Anti-Money Laundering (AML) compliance. The Financial Crimes Investigation Board (MASAK), which serves as Turkey’s financial intelligence unit under the Ministry of Finance and Treasury, found

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Turkish President Erdogan Says Cryptocurrency Law Is Ready as Crypto Regulator Fines Binance 8 Million Lira – Regulation Bitcoin News

Turkey’s President Recep Tayyip Erdoğan reportedly announced that the country’s cryptocurrency law “is ready” and will be submitted to parliament “without delay.” Meanwhile, Turkey’s Financial Crimes Investigation Board (MASAK), which oversees crypto exchanges, has reportedly fined Binance Turkey over violations found during liability inspections. Turkish Cryptocurrency Law ‘Is Ready’ Turkish President Recep

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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.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Brace for volatile end to 2021Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it fell back below $46,000 overnight on Sunday, reaching lows of

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Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform – Bitcoin News

The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of the prospective digital lira. Turkey Sets Up Digital Lira

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