11.4 C
Amsterdam
Sunday, May 16, 2021

Turkey will cover crypto service providers

Three weeks ago, Turkey barred cryptocurrency as a legitimate payment option, but now, the country took the decision to regulate crypto exchanges, which took the effect immediately. This is spurred by the Central Bank of the Republic of Turkey’s belief that digital assets put forward “significant risks.” 

According to a presidential decree published in Turkey’s Official Gazette, Turkey has recently added “crypto-asset service providers” to companies that are affected under anti-money laundering and terrorism funding law.

After Interpol issued a red notice for Thodex, authorities are still searching for Thodex chief executive and founder Faruk Fatik Ozer, who is claimed that had flown to Albania, before news of the problems surfaced, with $2 billion in investor’s money after the exchange flattered. 

On April 30, around 83 people that have been working with Thodex have been arrested, including Ozer’s brother, sister, and other senior employees of the company. 

Latest news

Turkish Grand Prix called off, leaving Austria to take over as the host for the second time

Because of the current pandemic situation, the Turkish Grand Prix will not be held on June 13 as it was supposed to, with Austria...

Leading CEO & Trailblazer Recipients are awarded from Women Business Collaborative (WBC) for their contribution in gender and diversity

The outstanding alliance of individuals, organizations and companies working together to accomplish an equal pay, position and power for women in business - Women...

Summer holidays in the Netherlands are expected to be more expensive in 2021

Because of the current pandemic situation, travel companies in the Netherlands have informed that the summer holidays will be more expensive and it will...

Arts festival Sifa will limit the number of spectators as stricter measures arise

Sifa - The Singapore International Festival of Arts, decreased the number of crowds for some weekend shows due to the stricter pandemic measures that...
Related news

Turkish Grand Prix called off, leaving Austria to take over as the host for the second time

Because of the current pandemic situation, the Turkish Grand Prix will not be held on June 13 as it was supposed to, with Austria...

Leading CEO & Trailblazer Recipients are awarded from Women Business Collaborative (WBC) for their contribution in gender and diversity

The outstanding alliance of individuals, organizations and companies working together to accomplish an equal pay, position and power for women in business - Women...

Summer holidays in the Netherlands are expected to be more expensive in 2021

Because of the current pandemic situation, travel companies in the Netherlands have informed that the summer holidays will be more expensive and it will...

Arts festival Sifa will limit the number of spectators as stricter measures arise

Sifa - The Singapore International Festival of Arts, decreased the number of crowds for some weekend shows due to the stricter pandemic measures that...