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OKX, the world’s second-largest crypto exchange, has announced the establishment of a Hong Kong entity to offer virtual asset services in the region. According to the press release, the company also intends to apply for the virtual asset service provider (VASP) license and Type 1 & 7 licenses under the Securities and Futures Ordinance in […]
The Turkish lira fell to 25.74 per dollar just under a day after the central bank hiked interest rates for the first time since 2021. Although the rate hike decision was widely anticipated, the increase still fell short of the 21% that some analysts had predicted. Turkish Lira Down 21% Since the Start of 2023 [...]
The post Turkish Lira Plunges to Record Low a Day After Central Bank’s Interest Rate Policy U-Turn appeared first on Crypto Breaking News.
The Central Bank of the Republic of Turkey (CBRT) announced on December 29th that the first-phase research for their new central bank digital currency (CBDC) was successful. Payments using this Digital Turkish Lira Network were successfully completed. In September 2021, as part of a research project titled Central Bank Digital Turkish Lira Research and Development, CBRT first disclosed that […]
The CBRT's Digital Turkish Lira has completed its first experiment. On Dec 29, the CBRT announced its first digital lira payments. In the first quarter of 2023, it will conduct restricted, closed-circuit pilot testing with technology stakeholders. (Read More)
Turkey’s high inflation is disrupting the country, and cryptocurrency analysts believe that Bitcoin could help solve the country’s prolonged issues.
Continue reading Turkey’s President Embraces Cryptocurrency and the Metaverse at DailyCoin.com.
“In investing, what’s comfortable is rarely profitable.” – Robert Arnott Covered: Lessons from Turkey Why Adoption is Exploding Lessons From Turkey Bitcoin and crypto do not feel very comfortable right now, but that’s the point. It requires mental fortitude to see the big picture. When you stop looking at the price, clear your head, and solely […]
The post In Investing, What’s Comfortable Is Rarely Profitable appeared first on CryptosRus.
Turks put their money into U.S. dollars, euros, or gold, yet the rise of crypto-assets in the past few years showed a new way to invest.
Turkish Bitcoin holders avoid an accelerating currency collapse as the lira loses 15% against the U.S. dollar in a single day.
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