Turkish prosecutors are asking courts to jail suspected crypto scammers in the country for thousands of years, per available information. According to reports from local media, the suspects are part of those involved in the $108 million scams involving the Thodex crypto exchange. The prime suspect in the case, Faruk Fatih Özer, founder and CEO…
The volatility of the Turkish lira is pushing Turks to adopt cryptocurrencies as both a means of payment and a store of value. The country’s national currency has lost 40% of its value against the dollar since September 2021, leading many to turn to Bitcoin and Tether as alternatives. Turks ditch the lira, trading gold…
In recent times, one of the major economic crises countries around the world have been facing is inflation; especially as a number of them are having to battle with the dwindling purchasing power of their national fiat currency due to the effect of the coronavirus pandemic. Turkey is battling an economic crises One country fighting…