GlobalB, a Turkish law firm, is challenging Turkey’s ban on cryptocurrency payments in a hearing set for May 28. While citizens can buy and trade crypto, using it for payments has been illegal since 2021. GlobalB’s founding partner, Sima Baktaş, believes allowing crypto payments could boost financial innovation and attract international investment. Despite the ban, ...
In 2025, Turkey’s cryptocurrency regulations are making the Market more appealing to investors. With the introduction of a new legal framework this year, confidence in digital currencies is growing. Bitcoin’s value has surged significantly, nearly hitting $106,000, despite some price fluctuations. Turkeys’ Parliament passed a pivotal regulation in June, requiring crypto service providers to obtain ...
Turkey's credit rating has been upgraded by S&P Global Ratings for the second time this year. This decision reflects the country's growing reserves, a decrease in inflation, and a better current account deficit. This upgrade signals increasing confidence in Turkey's economic stability.
