Turkey | Crypto

[PRESS RELEASE – Miami, Florida, November 17th, 2025] Everstake, the largest global non-custodial staking provider for institutional and retail clients, has joined forces with Paribu Custody, Turkey’s first institutional digital-asset custody provider powered by its proprietary technology, to offer secure, compliant, and high-performance staking for enterprises and financial institutions. This collaboration marks a major step […]

Turkey’s $200 billion crypto market leads the MENA region, but has been fueled more by speculative activity than by sustainable adoption, according to Chainalysis. Turkey has emerged as the leading crypto market in the Middle East and North Africa (MENA) region in 2025, with volumes significantly outpacing those of other markets, including the United Arab Emirates. Turkey, which has grappled with high inflation in recent years, dominated MENA’s crypto market in the past year, recording almost $200 billion in annual transactions, according to the latest regional report by Chainalysis published Thursday. The UAE, the region’s second-largest market, lagged far behind, with crypto volumes of $53 billion, almost four times smaller than those of Turkey. Read more

Federico Carrone, an Ethereum core developer, pledged $500,000 to the Tornado Cash co-founder’s legal fund after being detained in Turkey over alleged links to a privacy protocol. Ethereum core developer Federico Carrone said that he would contribute $500,000 to Roman Storm’s legal fund amid the Tornado Cash co-founder facing a potential retrial in New York. In a Monday X post, Carrone said his experience in Turkey led to the decision to increase his donation to Storm from $50,000 to $500,000. The developer reported that he had been detained by Turkish authorities for about 24 hours over alleged links to an Ethereum privacy protocol. “[A]fter what happened to me, I need to take a clear position,” said Carrone, adding: “I understand that the [Ethereum Foundation] will be matching donations up to another $500K for Roman Storm’s defense, which means our contribution can have double the impact. Our team is currently moving money to execute the transaction.” Read more

Turkish financial regulators have blocked access to decentralized exchange PancakeSwap and 45 other crypto-related websites as part of a broader crackdown on unauthorized digital asset services. In a July 3 bulletin, the Capital Markets Board (SPK) announced legal action against the websites, citing provisions of Turkey’s Capital Markets Law. The regulator said the targeted platforms […] The post Turkey blocks access to PancakeSwap, 45 crypto websites in regulatory crackdown appeared first on CryptoSlate.

Turkey’s Finance Ministry plans new rules requiring crypto platforms to collect source and purpose data, with limits on stablecoin transfers. Turkey is preparing to impose stricter regulations on crypto transactions to combat money laundering and financial crime, according to information obtained by the state-run Anadolu Agency (AA). Under the proposed measures, crypto platforms will be required to collect detailed information on the origin and purpose of every transfer. Users will be required to provide a transaction description of at least 20 characters for each transfer, AA said in a Tuesday report. In addition to transaction descriptions, platforms will be required to apply holding periods on crypto withdrawals when the Travel Rule does not apply. These include a 48-hour delay for most withdrawals and a 72-hour delay for the first withdrawal from any account. Read more