Posted 12/13/2023, 3:28:00 PM
Turkey Plans New Crypto Laws Amid Banks' Adoption Push
- Turkey's government plans to introduce new crypto legislation, though details remain unclear
- Two of Turkey's biggest banks - Akbank and Garanti BBVA - recently announced major crypto initiatives
- Akbank acquired local crypto firm Stablex; Garanti launched a crypto wallet app
- Turkey ranks high globally in crypto adoption but its government has concerns about unchecked growth
- The upcoming crypto legislation aims to address anti-money laundering issues and get Turkey removed from an international watchdog's "gray list"