In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.Turkey — the cradle of civilization — is quietly digitizing despite its high-inflation economy, … [Read more...] about Crypto and NFTs meet regulation as Turkey takes on the digital future
Turkey
Bukele’s Bitcoin Is Not What Turkey Needs
This problem is rooted in the late 1980s when Turkey opened its capital accounts, allowing the lira to trade and float against other international currencies, at a point where it was still very much an emerging economy subject to periods of instability. At least according to Bingol, this opening was “premature,” coming before the lira was robust enough to withstand global … [Read more...] about Bukele’s Bitcoin Is Not What Turkey Needs
Turkey President Erdogan to Send Crypto Law to Parliament: Report
Turkey’s President Recep Tayyip Erdoğan will send a crypto law to the country’s parliament, two European publications, ABC Gazetesi and the Daily Sabbah reported Friday. “The law is ready, we will send it to the Parliament soon without delay,” Erdogan told journalists in Istanbul, according to the ABC Gazetesi. Bitcoin and other cryptocurrencies have grown increasingly popular … [Read more...] about Turkey President Erdogan to Send Crypto Law to Parliament: Report
Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
“The data shows despite the instability faced by the lira, local traders are still attracted to the exceptional returns associated with coins such as SHIB,” Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, said in an email. CoinDesk reached out to BTCTurk, one of a handful of local exchanges offering lira-BTC trades for comment, but … [Read more...] about Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook
Bitcoin trading volumes are rising in Turkey as the increasingly authoritarian government there goes diligently about the work of setting its currency, the lira, on fire. Turkish President Recep Tayyip Erdogan, who has retained power since 2003, has to all appearances lost his mind: With inflation sitting at around 20%, Erdogan yesterday lowered Turkey’s key interest rate to … [Read more...] about Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook