Turkish
47,225 views
31 Posts
Hot
Latest
Coinbase Strategically Withdraws from Turkish Crypto Market. 🇹🇷
Coinbase has recently withdrawn its application to operate in Turkey, reflecting the growing regulatory pressures on global crypto platforms. This move follows increasing restrictions from Turkey's Capital Markets Board (SPK), with other exchanges like Binance, KuCoin, and OKX also reassessing their local presence.
The decision highlights the challenges of navigating complex regulatory environments, not just in Turkey but globally. Coinbase has been actively addressing such issues, with CEO Brian Armstrong pushing for more crypto-friendly regulations, particularly in the U.S. In Europe, Coinbase has also adapted to the new MiCA regulations by suspending USDC yield offerings for European users.
For Turkish crypto investors, this shift signals both challenges and opportunities in a rapidly evolving digital asset landscape. Coinbase’s exit is part of a broader strategy to focus on markets with more predictable regulatory environments, prioritizing long-term sustainability over short-term expansion. This trend indicates that adapting to local regulations will be key for exchanges looking to succeed in the global market.
The cryptocurrency industry’s continuous evolution makes such strategic exits more common, reshaping the global ecosystem.
#coinbase #BASE #türkiye #Turkey #Turkish $BTC $ETH $XRP
Coinbase has recently withdrawn its application to operate in Turkey, reflecting the growing regulatory pressures on global crypto platforms. This move follows increasing restrictions from Turkey's Capital Markets Board (SPK), with other exchanges like Binance, KuCoin, and OKX also reassessing their local presence.
The decision highlights the challenges of navigating complex regulatory environments, not just in Turkey but globally. Coinbase has been actively addressing such issues, with CEO Brian Armstrong pushing for more crypto-friendly regulations, particularly in the U.S. In Europe, Coinbase has also adapted to the new MiCA regulations by suspending USDC yield offerings for European users.
For Turkish crypto investors, this shift signals both challenges and opportunities in a rapidly evolving digital asset landscape. Coinbase’s exit is part of a broader strategy to focus on markets with more predictable regulatory environments, prioritizing long-term sustainability over short-term expansion. This trend indicates that adapting to local regulations will be key for exchanges looking to succeed in the global market.
The cryptocurrency industry’s continuous evolution makes such strategic exits more common, reshaping the global ecosystem.
#coinbase #BASE #türkiye #Turkey #Turkish $BTC $ETH $XRP
#WARNING #Nefhez #copytrading #Scammer #Turkish
WARNING!!!
""Nefhez faced liquidation once again. And initiated 16th copy trading""
Nefhez faced his 15th liquidation and, once again, initiated the 16th copy trading. Truly a societal menace and an intolerable scammer. this Turkish individual, criticized publicly by me in early December, took a short position for the first time. Certainly, due to a complete lack of skill, he entered short positions at awkward levels and, as expected, faced liquidation.
At that time, it was the first instance of taking a short position. After taking a short position at that time, he once again took a short position for the first time since then. Because I had recently described nefhez as a monkey only taking long positions, and upon reading that, he surprisingly went back to taking short positions in this latest challenge. But It is clear that this position will face liquidation in the near future.
When will this mentally disturbed individual cease causing harm to others? Until this mentally disturbed individual faces consequences on Binance, I will continue to strive to reveal the truth.
WARNING!!!
""Nefhez faced liquidation once again. And initiated 16th copy trading""
Nefhez faced his 15th liquidation and, once again, initiated the 16th copy trading. Truly a societal menace and an intolerable scammer. this Turkish individual, criticized publicly by me in early December, took a short position for the first time. Certainly, due to a complete lack of skill, he entered short positions at awkward levels and, as expected, faced liquidation.
At that time, it was the first instance of taking a short position. After taking a short position at that time, he once again took a short position for the first time since then. Because I had recently described nefhez as a monkey only taking long positions, and upon reading that, he surprisingly went back to taking short positions in this latest challenge. But It is clear that this position will face liquidation in the near future.
When will this mentally disturbed individual cease causing harm to others? Until this mentally disturbed individual faces consequences on Binance, I will continue to strive to reveal the truth.
#Warning #Nefhez #copytrading #Turkish #Scammer #Becareful
""Warning Scam Trader Nefhez""
Nefhez is on the brink of settling his 16th challenge. Despite the need for liquidation, he persists by deceiving on Patreon, injecting more money. Truly a mentally unstable individual, Nefhez, who previously relied on long positions and gambling, took his first short position after my public criticism. Following this move, he experienced some profit like a novice's beginner's luck. This kindergarten trader, who exclusively held long positions for three months, now starts shouting, "Shorts are the answer!" What ultimately happened? Check the image below. Even this time, 200 followers copied him and all faced liquidation. Causing significant harm, he lives in fear of legal action, potentially receiving a 10-year sentence in a U.S. prison. Over the three months, Nefhez liquidated a staggering amount of assets from followers, surpassing $900,000 by my estimate. Let's send this Turkish scammer to jail! Join forces against him.
""Warning Scam Trader Nefhez""
Nefhez is on the brink of settling his 16th challenge. Despite the need for liquidation, he persists by deceiving on Patreon, injecting more money. Truly a mentally unstable individual, Nefhez, who previously relied on long positions and gambling, took his first short position after my public criticism. Following this move, he experienced some profit like a novice's beginner's luck. This kindergarten trader, who exclusively held long positions for three months, now starts shouting, "Shorts are the answer!" What ultimately happened? Check the image below. Even this time, 200 followers copied him and all faced liquidation. Causing significant harm, he lives in fear of legal action, potentially receiving a 10-year sentence in a U.S. prison. Over the three months, Nefhez liquidated a staggering amount of assets from followers, surpassing $900,000 by my estimate. Let's send this Turkish scammer to jail! Join forces against him.
""Warning!!! Nefhez faced liquidation again!!""
#WARNING #Nefhez #copytrading #Turkish #Scammer
Yesterday, Nefhez faced liquidation once again, marking the 16th occurrence since October last year. This latest liquidation resulted in losses of $50,000 for ordinary individuals who copied him. Over the past 16 instances since October last year, he has caused a total of $900,000 in losses to regular users. He's truly a malicious scammer who deserves to face consequences. Why doesn't Binance establish measures to protect victims? It's a significant issue.
In my view, Nefhez will likely open copy trading again in a few days. Avoid copying him as he is a trader with no real skill and is addicted to gambling. Binance should promptly prevent traders with a history of consecutive liquidations from initiating copy trading!
The picture below is from one day before Nefhez's liquidation.
#WARNING #Nefhez #copytrading #Turkish #Scammer
Yesterday, Nefhez faced liquidation once again, marking the 16th occurrence since October last year. This latest liquidation resulted in losses of $50,000 for ordinary individuals who copied him. Over the past 16 instances since October last year, he has caused a total of $900,000 in losses to regular users. He's truly a malicious scammer who deserves to face consequences. Why doesn't Binance establish measures to protect victims? It's a significant issue.
In my view, Nefhez will likely open copy trading again in a few days. Avoid copying him as he is a trader with no real skill and is addicted to gambling. Binance should promptly prevent traders with a history of consecutive liquidations from initiating copy trading!
The picture below is from one day before Nefhez's liquidation.
#WARNING #Nefhez #Copytrading #Scammer #Turkish
""Warning"" ""Turkish Scammer Nefhez""
Nefhez is currently in a situation where he is attempting the 15th challenge after the 14th liquidation. In my view, he appears to be a monkey simply holding long positions. It is likely that there are numerous victims from the tradewagon era up to the present on Binance. Those who have subscribed to this monkey's Patreon trading lessons are expected to know Nefhez's personal email. Please write Nefhez's email in the comments for me. I intend to personally assess the mental state of this monkey. Once again, it's worth reiterating that a significant number of copy traders lack basic skills and are mostly gamblers. Be cautious.
"""Additionally, Binance has an obligation to block the initiation of copy trades by gambling addicts repeating the liquidation cycle!"""
""Warning"" ""Turkish Scammer Nefhez""
Nefhez is currently in a situation where he is attempting the 15th challenge after the 14th liquidation. In my view, he appears to be a monkey simply holding long positions. It is likely that there are numerous victims from the tradewagon era up to the present on Binance. Those who have subscribed to this monkey's Patreon trading lessons are expected to know Nefhez's personal email. Please write Nefhez's email in the comments for me. I intend to personally assess the mental state of this monkey. Once again, it's worth reiterating that a significant number of copy traders lack basic skills and are mostly gamblers. Be cautious.
"""Additionally, Binance has an obligation to block the initiation of copy trades by gambling addicts repeating the liquidation cycle!"""
Fraudster, Who Defrauded Investors of 4 Billion Dollars, Caught in Turkey
🔥BRED Airdrop Is live🔥 Claim Instant 50,000 BRED Tokens Worth Of $50 USDT, Instant Airdrop Is Live For Next 24 Hours, BRED Listing Soon On Bitmart, Bitget, MEXC, Join Airdrop On WWW.BREDTOKEN.XYZ
Andreas Szakacs, one of the founders of controversial cryptocurrency company OmegaPro, was arrested in Turkey in July for allegedly running a pyramid scheme that defrauded investors of $4 billion, according to multiple reports in the Turkish press.
Originally from Sweden, Szakacs reportedly changed his name to Emre Avcı after becoming a Turkish citizen. He denied the accusations, claiming he only worked in finance and marketing.
The arrest followed a tip-off from an anonymous informant on June 28. Following raids on two villas in the Beykoz district of Istanbul, Szakacs was detained on July 9 and arrested on July 10 on charges of “fraud using information systems, banks or credit institutions as a means.”
During the raids, Turkish authorities seized computers and 32 cold wallets, which are typically used to store cryptocurrencies offline.
Although Szakacs reportedly did not provide the passwords, investigators were able to track the movements of a total of $160 million in cryptocurrencies.
OmegaPro’s collapse in late 2022, which coincided with the collapse of cryptocurrency exchange FTX, left many investors around the world in financial ruin.
A key witness in the case, Dutch national Abdul Ghaffar Mohaghegh, told investigators he lost $7 million in the fraud scheme. Mohaghegh also claimed to have represented, through power of attorney, 3,000 affected investors who lost $103 million in the alleged fraud.
#Turkish #Turkeye #Bitcoin #CryptoNews #MtGoxRepayments $BTC $ETH $BNB
🔥BRED Airdrop Is live🔥 Claim Instant 50,000 BRED Tokens Worth Of $50 USDT, Instant Airdrop Is Live For Next 24 Hours, BRED Listing Soon On Bitmart, Bitget, MEXC, Join Airdrop On WWW.BREDTOKEN.XYZ
Andreas Szakacs, one of the founders of controversial cryptocurrency company OmegaPro, was arrested in Turkey in July for allegedly running a pyramid scheme that defrauded investors of $4 billion, according to multiple reports in the Turkish press.
Originally from Sweden, Szakacs reportedly changed his name to Emre Avcı after becoming a Turkish citizen. He denied the accusations, claiming he only worked in finance and marketing.
The arrest followed a tip-off from an anonymous informant on June 28. Following raids on two villas in the Beykoz district of Istanbul, Szakacs was detained on July 9 and arrested on July 10 on charges of “fraud using information systems, banks or credit institutions as a means.”
During the raids, Turkish authorities seized computers and 32 cold wallets, which are typically used to store cryptocurrencies offline.
Although Szakacs reportedly did not provide the passwords, investigators were able to track the movements of a total of $160 million in cryptocurrencies.
OmegaPro’s collapse in late 2022, which coincided with the collapse of cryptocurrency exchange FTX, left many investors around the world in financial ruin.
A key witness in the case, Dutch national Abdul Ghaffar Mohaghegh, told investigators he lost $7 million in the fraud scheme. Mohaghegh also claimed to have represented, through power of attorney, 3,000 affected investors who lost $103 million in the alleged fraud.
#Turkish #Turkeye #Bitcoin #CryptoNews #MtGoxRepayments $BTC $ETH $BNB
Turkey Advances Crypto Regulation: Parliament to Review New Bill on Bitcoin (BTC) and Other Cryptocu
Turkey Advances Crypto Regulation: Parliament to Review New Bill on Bitcoin (BTC) and Other Cryptocurrencies Today
Turkey is set to introduce its first legal definition of cryptocurrencies as a new bill is presented to the parliament today.
The legislation aims to align with international standards and reduce risks associated with digital assets.“Our primary focus is to combat financial crimes,” stated Finance Minister Mehmet Şimşek, highlighting the country’s compliance with 39 out of 40 FATF standards.
This article delves into Turkey’s groundbreaking cryptocurrency legislation, exploring its implications for the financial landscape and its alignment with global standards.
Introduction of Cryptocurrency Legislation in Turkey
The ruling party in Turkey, AK Parti, is making significant strides by submitting a proposal for the country’s first legal framework for cryptocurrencies. This move, expected to be presented to the Grand National Assembly of Turkey (TBMM) at 15:30 local time today, marks a pivotal moment in the regulatory landscape of digital assets within the nation.
Details of the Proposed Cryptocurrency Law
The proposed law, officially named “Amendment to the Capital Market Law,” will provide a clear definition of cryptocurrencies, which, according to reports, will be described as “intangible assets created and stored electronically using distributed ledger technology or similar technologies, distributed over digital networks, and representing value or rights.” This definition aims to standardize the treatment of digital assets and align Turkey with international regulatory frameworks.
Implications for Turkey’s Financial Market
The enactment of this legislation is expected to significantly impact Turkey’s financial market, particularly in how cryptocurrencies are perceived and utilized. By establishing a legal framework, Turkey aims to minimize the risks associated with digital assets, such as fraud and money laundering, while also potentially removing itself from the Financial Action Task Force’s (FATF) grey list.
Strategic Benefits and International Alignment
Finance Minister Mehmet Şimşek emphasized the strategic importance of this legislation in combating financial crimes and aligning with global standards. Turkey’s compliance with FATF standards demonstrates its commitment to international cooperation in financial regulation. The new law could enhance investor confidence and stabilize the cryptocurrency market in Turkey.
Conclusion
The introduction of cryptocurrency legislation in Turkey represents a significant step towards integrating digital assets into the formal financial system. By providing a clear legal framework, Turkey not only aims to protect investors but also seeks to establish itself as a compliant and attractive market for cryptocurrency investment. The future outlook for cryptocurrencies in Turkey appears promising, with potential for increased stability and growth.
$BTC $ETH $BNB #notcoin #Turkish
Turkey is set to introduce its first legal definition of cryptocurrencies as a new bill is presented to the parliament today.
The legislation aims to align with international standards and reduce risks associated with digital assets.“Our primary focus is to combat financial crimes,” stated Finance Minister Mehmet Şimşek, highlighting the country’s compliance with 39 out of 40 FATF standards.
This article delves into Turkey’s groundbreaking cryptocurrency legislation, exploring its implications for the financial landscape and its alignment with global standards.
Introduction of Cryptocurrency Legislation in Turkey
The ruling party in Turkey, AK Parti, is making significant strides by submitting a proposal for the country’s first legal framework for cryptocurrencies. This move, expected to be presented to the Grand National Assembly of Turkey (TBMM) at 15:30 local time today, marks a pivotal moment in the regulatory landscape of digital assets within the nation.
Details of the Proposed Cryptocurrency Law
The proposed law, officially named “Amendment to the Capital Market Law,” will provide a clear definition of cryptocurrencies, which, according to reports, will be described as “intangible assets created and stored electronically using distributed ledger technology or similar technologies, distributed over digital networks, and representing value or rights.” This definition aims to standardize the treatment of digital assets and align Turkey with international regulatory frameworks.
Implications for Turkey’s Financial Market
The enactment of this legislation is expected to significantly impact Turkey’s financial market, particularly in how cryptocurrencies are perceived and utilized. By establishing a legal framework, Turkey aims to minimize the risks associated with digital assets, such as fraud and money laundering, while also potentially removing itself from the Financial Action Task Force’s (FATF) grey list.
Strategic Benefits and International Alignment
Finance Minister Mehmet Şimşek emphasized the strategic importance of this legislation in combating financial crimes and aligning with global standards. Turkey’s compliance with FATF standards demonstrates its commitment to international cooperation in financial regulation. The new law could enhance investor confidence and stabilize the cryptocurrency market in Turkey.
Conclusion
The introduction of cryptocurrency legislation in Turkey represents a significant step towards integrating digital assets into the formal financial system. By providing a clear legal framework, Turkey not only aims to protect investors but also seeks to establish itself as a compliant and attractive market for cryptocurrency investment. The future outlook for cryptocurrencies in Turkey appears promising, with potential for increased stability and growth.
$BTC $ETH $BNB #notcoin #Turkish
Turkey’s Capital Markets Board Updates on Crypto Asset Providers
Turkey’s Capital Markets Board has issued an update regarding crypto asset service providers following the implementation of new regulations. The update includes a provisional list that features 47 operational companies, along with three companies that are planning to liquidate.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
According to the new regulations, current crypto service providers are required to apply for permits to continue their operations or proceed with liquidation by the specified deadlines. Companies that fail to comply with these requirements will face legal repercussions.
Turkey’s CMB Clarifies Crypto Provider Status
The Capital Markets Board of Turkey, the country’s financial regulatory and supervisory agency, issued an announcement last week to clarify the status of crypto asset service providers after the “Law on Amendments to the Capital Markets Law” was enacted on July 2.
The announcement includes two lists. The first list comprises 47 entities that have submitted applications to the Capital Markets Board (CMB). These entities are currently operating under the Capital Markets Law and are active in the financial technology sector.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
However, the CMB emphasized that inclusion on this list does not imply official authorization under the relevant laws. This provisional list features a variety of companies, including prominent crypto exchanges such as Bitfinex, Binance Turkey, Btcturk, and Okx.
Turkey Enforces New Regulations for Crypto Asset Providers
The Capital Markets Board of Turkey has released a second list that includes three companies that have declared their intention to liquidate. Institutions lacking complete information or under ongoing investigation are not recognized as operational and are therefore not listed.
The announcement further outlines new regulations for crypto asset service providers in Turkey, effective from July 2. According to these regulations, providers must comply with the standards set by the CMB. Providers that were already in operation as of this date must apply for an operating permit within one month or choose to liquidate within three months, during which time they must cease accepting new customers. Failure to comply with these regulations may result in penalties, including imprisonment and fines.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Additionally, foreign-based providers targeting Turkish residents are required to terminate such activities by October 2. ATMs and other devices facilitating crypto transactions must also cease operations by this deadline. Noncompliance will lead to legal action under Articles 99/A and 109/A of the amended law.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Turkey #Turkish #Bitcoin #CryptoMarketMoves #WBTCUnderScrutiny $BTC $ETH $USDC
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
According to the new regulations, current crypto service providers are required to apply for permits to continue their operations or proceed with liquidation by the specified deadlines. Companies that fail to comply with these requirements will face legal repercussions.
Turkey’s CMB Clarifies Crypto Provider Status
The Capital Markets Board of Turkey, the country’s financial regulatory and supervisory agency, issued an announcement last week to clarify the status of crypto asset service providers after the “Law on Amendments to the Capital Markets Law” was enacted on July 2.
The announcement includes two lists. The first list comprises 47 entities that have submitted applications to the Capital Markets Board (CMB). These entities are currently operating under the Capital Markets Law and are active in the financial technology sector.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
However, the CMB emphasized that inclusion on this list does not imply official authorization under the relevant laws. This provisional list features a variety of companies, including prominent crypto exchanges such as Bitfinex, Binance Turkey, Btcturk, and Okx.
Turkey Enforces New Regulations for Crypto Asset Providers
The Capital Markets Board of Turkey has released a second list that includes three companies that have declared their intention to liquidate. Institutions lacking complete information or under ongoing investigation are not recognized as operational and are therefore not listed.
The announcement further outlines new regulations for crypto asset service providers in Turkey, effective from July 2. According to these regulations, providers must comply with the standards set by the CMB. Providers that were already in operation as of this date must apply for an operating permit within one month or choose to liquidate within three months, during which time they must cease accepting new customers. Failure to comply with these regulations may result in penalties, including imprisonment and fines.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Additionally, foreign-based providers targeting Turkish residents are required to terminate such activities by October 2. ATMs and other devices facilitating crypto transactions must also cease operations by this deadline. Noncompliance will lead to legal action under Articles 99/A and 109/A of the amended law.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Turkey #Turkish #Bitcoin #CryptoMarketMoves #WBTCUnderScrutiny $BTC $ETH $USDC
Turkish Lira's Dominance on Binance Reflects Turkey's Crypto Boom. 🇹🇷
In the world of cryptocurrency, the Turkish Lira (TRY) has gained significant ground, accounting for 75% of fiat trading volume on Binance in September.
This suggests that Turkish investors are increasingly active in the cryptocurrency market. Also mentions that Turkey is the fourth-largest crypto market, following the United States, India, and the United Kingdom.
#Turkey #türkiye #Turkish #TurkishLira
In the world of cryptocurrency, the Turkish Lira (TRY) has gained significant ground, accounting for 75% of fiat trading volume on Binance in September.
This suggests that Turkish investors are increasingly active in the cryptocurrency market. Also mentions that Turkey is the fourth-largest crypto market, following the United States, India, and the United Kingdom.
#Turkey #türkiye #Turkish #TurkishLira
Turkey's Remarkable Renewable Energy Surge in 2023. ⚡🔋🇹🇷
In a groundbreaking revelation, Energy and Natural Resources Minister Alparslan Bayraktar unveiled Turkey's extraordinary surge in electricity capacity in 2023, with a remarkable 99.5% driven by renewable energy sources.
⚡ Renewable Dominance:
Bayraktar emphasized the monumental shift, with an astonishing 99.5% of the 2,858 megawatt increase in electricity capacity attributed to renewables. This underlines Turkey's commitment to a sustainable energy landscape.
⚡ Carbon Neutrality Goals:
Highlighting a bold pledge to achieve carbon neutrality by 2053, Bayraktar underscored the pivotal role of renewable energy. The total renewable energy capacity now stands at an impressive 59,236 megawatts.
⚡ Energy Transformation:
The energy transformation aligns seamlessly with the 2053 carbon neutrality objectives, positioning renewable energy as the primary driver of this transformative change.
⚡ Production and Capacity Share:
In 2023, Turkey generated 326.3 terawatt-hours of electricity, with renewables contributing 42% to production and holding 56% of the total installed capacity. Ambitious goals include pushing the renewable capacity share to 65% and production to 55% by 2035.
⚡ Diverse Renewable Portfolio:
The electricity capacity distribution boasts contributions from various renewables, including wind (11,803.3 MW), solar (11,315.6 MW), hydro (23,650.2 MW), and geothermal (1,691.3 MW).
This monumental shift not only showcases Turkey's commitment to sustainable practices but also sets a powerful precedent for nations striving to embrace renewable energy and achieve ambitious environmental goals. Turkey's journey stands as a beacon, illuminating the path towards a greener and more sustainable future for the entire world.
#Turkey #energy #türkiye #Turkish
In a groundbreaking revelation, Energy and Natural Resources Minister Alparslan Bayraktar unveiled Turkey's extraordinary surge in electricity capacity in 2023, with a remarkable 99.5% driven by renewable energy sources.
⚡ Renewable Dominance:
Bayraktar emphasized the monumental shift, with an astonishing 99.5% of the 2,858 megawatt increase in electricity capacity attributed to renewables. This underlines Turkey's commitment to a sustainable energy landscape.
⚡ Carbon Neutrality Goals:
Highlighting a bold pledge to achieve carbon neutrality by 2053, Bayraktar underscored the pivotal role of renewable energy. The total renewable energy capacity now stands at an impressive 59,236 megawatts.
⚡ Energy Transformation:
The energy transformation aligns seamlessly with the 2053 carbon neutrality objectives, positioning renewable energy as the primary driver of this transformative change.
⚡ Production and Capacity Share:
In 2023, Turkey generated 326.3 terawatt-hours of electricity, with renewables contributing 42% to production and holding 56% of the total installed capacity. Ambitious goals include pushing the renewable capacity share to 65% and production to 55% by 2035.
⚡ Diverse Renewable Portfolio:
The electricity capacity distribution boasts contributions from various renewables, including wind (11,803.3 MW), solar (11,315.6 MW), hydro (23,650.2 MW), and geothermal (1,691.3 MW).
This monumental shift not only showcases Turkey's commitment to sustainable practices but also sets a powerful precedent for nations striving to embrace renewable energy and achieve ambitious environmental goals. Turkey's journey stands as a beacon, illuminating the path towards a greener and more sustainable future for the entire world.
#Turkey #energy #türkiye #Turkish
🔴 BREAKING NEWS | 🇹🇷
International credit rating agency S&P revised Turkey's credit rating outlook from stable to positive.
#Turkey #TurkeyCrypto #Turkish #türkiye #Standard&Poor's
International credit rating agency S&P revised Turkey's credit rating outlook from stable to positive.
#Turkey #TurkeyCrypto #Turkish #türkiye #Standard&Poor's
#WARNING #Copytrader #NEFHEZ #SCAMMER #Turkish
""WARNING"' "Nefhez" "turkish Scammer"
'Nefhez' is a mentally disturbed individual who repeatedly goes bankrupt and reopens trading. I expose how 'Nefhez' manipulates Binance copy trading ROI and PnL metrics:
1. After liquidation, initiate a new copy trading with a small capital injection.
2. As soon as the Binance server recognizes a low initial lead margin balance, transfer funds reaching 3-4 times the initial capital.
3. Immediately after the transfer, take a high-leverage long position and gamble with a 50% chance of success.
4. Incur significant losses if the price drops, then repeat steps 1-3.
5. When prices rise, display PnL and ROI proportionate to the initial capital, resembling the dashboard of a highly skilled trader. At this point, unsuspecting victims start investing in this fraudster.
6. Lacking any real skill, ultimately face complete liquidation and go into hiding for a few days.
7. Repeat the cycle from step 1 after a few days.
Be aware that such societal villains are prevalent in copy trading. Exercise caution.
""WARNING"' "Nefhez" "turkish Scammer"
'Nefhez' is a mentally disturbed individual who repeatedly goes bankrupt and reopens trading. I expose how 'Nefhez' manipulates Binance copy trading ROI and PnL metrics:
1. After liquidation, initiate a new copy trading with a small capital injection.
2. As soon as the Binance server recognizes a low initial lead margin balance, transfer funds reaching 3-4 times the initial capital.
3. Immediately after the transfer, take a high-leverage long position and gamble with a 50% chance of success.
4. Incur significant losses if the price drops, then repeat steps 1-3.
5. When prices rise, display PnL and ROI proportionate to the initial capital, resembling the dashboard of a highly skilled trader. At this point, unsuspecting victims start investing in this fraudster.
6. Lacking any real skill, ultimately face complete liquidation and go into hiding for a few days.
7. Repeat the cycle from step 1 after a few days.
Be aware that such societal villains are prevalent in copy trading. Exercise caution.
Turkish Government's Crypto Regulation on the Horizon. 🇹🇷📖🪙
As the usage and investor numbers of cryptocurrencies continue to rise in Turkey, there are indications that a new crypto regulation bill is set to be presented in the Turkish Grand National Assembly.
Expected Features of the Regulation:
Aimed at ensuring financial stability and enhancing protection for cryptocurrency investors. Includes provisions to prevent the use of cryptocurrencies in money laundering and financing terrorism. Notably, the regulation addresses the involvement of social media influencers in the crypto space.
Timeline and Legislative Progress:
The draft is anticipated to be presented to the TBMM (Turkish Grand National Assembly) before the end of the year. This move aligns with the commitment outlined in the 2024 Presidential Annual Program, focusing on the taxation of digital virtual assets.
Taxation of Digital Assets:
The 2024 Presidential Annual Program includes plans for the taxation of "digital virtual assets." Ongoing efforts to define these assets within the Turkish legal framework.
Crucial Element for Removal from Grey List:
Treasury and Finance Minister Mehmet Şimşek emphasizes that the last requirement for Turkey to be removed from the grey list is the implementation of crypto regulations. Central Bank President Hafize Gaye Erkan collaborates with the Capital Markets Board (SPK) on the regulation of cryptocurrencies.
This regulatory initiative reflects Turkey's commitment to balancing the growing influence of cryptocurrencies with the need for financial stability and security.
#TurkeyCrypto #Turkish #Turkey #türkiye #TurkishLira
As the usage and investor numbers of cryptocurrencies continue to rise in Turkey, there are indications that a new crypto regulation bill is set to be presented in the Turkish Grand National Assembly.
Expected Features of the Regulation:
Aimed at ensuring financial stability and enhancing protection for cryptocurrency investors. Includes provisions to prevent the use of cryptocurrencies in money laundering and financing terrorism. Notably, the regulation addresses the involvement of social media influencers in the crypto space.
Timeline and Legislative Progress:
The draft is anticipated to be presented to the TBMM (Turkish Grand National Assembly) before the end of the year. This move aligns with the commitment outlined in the 2024 Presidential Annual Program, focusing on the taxation of digital virtual assets.
Taxation of Digital Assets:
The 2024 Presidential Annual Program includes plans for the taxation of "digital virtual assets." Ongoing efforts to define these assets within the Turkish legal framework.
Crucial Element for Removal from Grey List:
Treasury and Finance Minister Mehmet Şimşek emphasizes that the last requirement for Turkey to be removed from the grey list is the implementation of crypto regulations. Central Bank President Hafize Gaye Erkan collaborates with the Capital Markets Board (SPK) on the regulation of cryptocurrencies.
This regulatory initiative reflects Turkey's commitment to balancing the growing influence of cryptocurrencies with the need for financial stability and security.
#TurkeyCrypto #Turkish #Turkey #türkiye #TurkishLira
HealthTech Pioneer Salus Secures $4.7 Million for Advancing Preventive Healthcare Initiatives. ⚕️💰
Salus, a Turkish health initiative, has recently secured a substantial $4.7 million investment in a funding round led by Northzone. Notable contributors include 500 Emerging Europe, Pitch Drive, İş Bankası 100. Yıl Girişim Sermayesi, and individual investors like Adam Anders, Can Yücaoğlu, Mehmet Yılmaz, Joshua Cornelius, and Kıvanç Semen.
User-Centric Approach:
Salus prioritizes user needs, aiming to build a comprehensive preventive healthcare ecosystem.
Diverse Investor Base:
The funding round includes contributions from 500 Emerging Europe, Pitch Drive, İş Bankası 100. Yıl Girişim Sermayesi, and individual angel investors, totaling $4.7 million.
Growing Investor Confidence:
Existing investors, Collective Spark and Wamda Capital, increased their investment, reflecting growing confidence in Salus.
Impressive Team Expansion:
Salus boasts a team of over 200 experts, including clinical psychologists, dietitians, physiotherapists, birth coaches, family counselors, and child development specialists.
Strategic Usage of Funds:
Salus plans to use the funds to support both corporate and individual growth, expanding its product and service offerings to become Turkey's most inclusive health application.
Milestone Achievement:
Within 18 months, Salus has gained attention, serving leading companies like QNB Finansbank, ING, P&G, Midas, Zeplin, Sigortam.net, Ödeal, and more.
Landmark Seed Investment:
With this recent investment, Salus' total funding stands at $5.5 million, marking one of Turkey's largest seed investments.
In Summary:
Salus CEO Alperen Adikti expresses excitement about the journey ahead, emphasizing their commitment to facilitating long-term health and well-being for users. The funds will be instrumental in expanding Salus' services and products, marking Northzone's first investment in Turkey and positioning Salus as a pioneer in the country's health tech landscape.
#Salus #Turkish #türkiye
Salus, a Turkish health initiative, has recently secured a substantial $4.7 million investment in a funding round led by Northzone. Notable contributors include 500 Emerging Europe, Pitch Drive, İş Bankası 100. Yıl Girişim Sermayesi, and individual investors like Adam Anders, Can Yücaoğlu, Mehmet Yılmaz, Joshua Cornelius, and Kıvanç Semen.
User-Centric Approach:
Salus prioritizes user needs, aiming to build a comprehensive preventive healthcare ecosystem.
Diverse Investor Base:
The funding round includes contributions from 500 Emerging Europe, Pitch Drive, İş Bankası 100. Yıl Girişim Sermayesi, and individual angel investors, totaling $4.7 million.
Growing Investor Confidence:
Existing investors, Collective Spark and Wamda Capital, increased their investment, reflecting growing confidence in Salus.
Impressive Team Expansion:
Salus boasts a team of over 200 experts, including clinical psychologists, dietitians, physiotherapists, birth coaches, family counselors, and child development specialists.
Strategic Usage of Funds:
Salus plans to use the funds to support both corporate and individual growth, expanding its product and service offerings to become Turkey's most inclusive health application.
Milestone Achievement:
Within 18 months, Salus has gained attention, serving leading companies like QNB Finansbank, ING, P&G, Midas, Zeplin, Sigortam.net, Ödeal, and more.
Landmark Seed Investment:
With this recent investment, Salus' total funding stands at $5.5 million, marking one of Turkey's largest seed investments.
In Summary:
Salus CEO Alperen Adikti expresses excitement about the journey ahead, emphasizing their commitment to facilitating long-term health and well-being for users. The funds will be instrumental in expanding Salus' services and products, marking Northzone's first investment in Turkey and positioning Salus as a pioneer in the country's health tech landscape.
#Salus #Turkish #türkiye
Turkey's Energy Dilemma: Sticking to Coal or Embracing Renewables? ⚡🔋🇹🇷
As Turkey gears up for COP28, the debate intensifies over its commitment to coal phase-out and embrace renewables. Here's a snapshot:
1. Turkey's Coal Reliance (2022):
Despite global renewable trends, 35% of Turkey's electricity came from thermal power plants.
2. Climate Goals vs. Coal Expansion:
Aiming for net-zero emissions by 2053, Turkey develops new coal-fired plants, defying European norms.
3. The Wright Law:
Renewable costs drop with the Wright Law, but coal remains an outlier.
4. Global Context:
Slow coal departure hampers global efforts to meet the Paris Agreement's 1.5-degree target.
5. Financial Pressures:
International banks shy away from coal funding, with 17 Turkish banks pledging against coal investment since 2018.
6. Renewables in Turkey:
Growing wind energy capacity, but solar energy utilization needs enhancement.
7. Expert Perspectives:
Experts stress the need for a decisive shift to renewables, highlighting a clash with long-term climate goals.
8. Economic Benefits:
Transitioning to renewables can enhance economic resilience and reduce dependence on imported fossil fuels.
9. Potential Savings:
Studies indicate significant cost savings with renewables compared to importing fossil fuels.
10. Challenges and Solutions:
Bureaucratic hurdles and legislative unpredictability impede progress. Solutions include incentivizing rooftop solar installations and easing permit processes for renewable projects.
#Turkish #türkiye #Turkey #energy
As Turkey gears up for COP28, the debate intensifies over its commitment to coal phase-out and embrace renewables. Here's a snapshot:
1. Turkey's Coal Reliance (2022):
Despite global renewable trends, 35% of Turkey's electricity came from thermal power plants.
2. Climate Goals vs. Coal Expansion:
Aiming for net-zero emissions by 2053, Turkey develops new coal-fired plants, defying European norms.
3. The Wright Law:
Renewable costs drop with the Wright Law, but coal remains an outlier.
4. Global Context:
Slow coal departure hampers global efforts to meet the Paris Agreement's 1.5-degree target.
5. Financial Pressures:
International banks shy away from coal funding, with 17 Turkish banks pledging against coal investment since 2018.
6. Renewables in Turkey:
Growing wind energy capacity, but solar energy utilization needs enhancement.
7. Expert Perspectives:
Experts stress the need for a decisive shift to renewables, highlighting a clash with long-term climate goals.
8. Economic Benefits:
Transitioning to renewables can enhance economic resilience and reduce dependence on imported fossil fuels.
9. Potential Savings:
Studies indicate significant cost savings with renewables compared to importing fossil fuels.
10. Challenges and Solutions:
Bureaucratic hurdles and legislative unpredictability impede progress. Solutions include incentivizing rooftop solar installations and easing permit processes for renewable projects.
#Turkish #türkiye #Turkey #energy
TROY, the name on everyone's lips lately!
In a recent announcement, TROY has been making waves with a remarkable surge in usage. Reports revealed that the total purchase amount in October, driven by TROY-branded credit cards, debit cards, and prepaid cards, soared by an impressive 57% compared to the previous month. It skyrocketed from 30.5 billion liras to an astounding 47.9 billion liras. Not only that, but the user base has also seen a significant boost, now boasting a whopping 19 million users.
The key to this astounding growth? It's been attributed to the "boycott of brands supporting Israel" movement and a clear shift towards supporting domestic products. TROY's rapid rise is a testament to the power of consumer choice and the influence of societal values on the financial landscape.
#TROY #Turkey #türkiye #Turkish
In a recent announcement, TROY has been making waves with a remarkable surge in usage. Reports revealed that the total purchase amount in October, driven by TROY-branded credit cards, debit cards, and prepaid cards, soared by an impressive 57% compared to the previous month. It skyrocketed from 30.5 billion liras to an astounding 47.9 billion liras. Not only that, but the user base has also seen a significant boost, now boasting a whopping 19 million users.
The key to this astounding growth? It's been attributed to the "boycott of brands supporting Israel" movement and a clear shift towards supporting domestic products. TROY's rapid rise is a testament to the power of consumer choice and the influence of societal values on the financial landscape.
#TROY #Turkey #türkiye #Turkish
Agitation for #Turkish crypto deals
LIVE
Nihat çetinkaya
--
We need such a clear explanation...
🙏
AKP Deputy Chairman Ömer İleri:
“I feel the need to provide the following information, in line with the posts on social media channels, especially on foreign platforms, regarding the regulation that we submitted to the parliament today and known to the public as the crypto bill;
With the draft, it is not possible to ban Turkish citizens from making transactions on foreign platforms.
There is no obstacle for residents of Turkey to open accounts on foreign platforms and make transactions on their own initiative.
"However, foreign platforms' activities such as opening Turkish websites and advertising to residents in Turkey will be subject to the CMB license."
🙏
AKP Deputy Chairman Ömer İleri:
“I feel the need to provide the following information, in line with the posts on social media channels, especially on foreign platforms, regarding the regulation that we submitted to the parliament today and known to the public as the crypto bill;
With the draft, it is not possible to ban Turkish citizens from making transactions on foreign platforms.
There is no obstacle for residents of Turkey to open accounts on foreign platforms and make transactions on their own initiative.
"However, foreign platforms' activities such as opening Turkish websites and advertising to residents in Turkey will be subject to the CMB license."
Crypto is Now a Top Investment Choice for Turkish Inside Investors
According to a survey of Turkish crypto exchange Paribu, some Turkish investors have slowly begun to favor digital assets including crypto due to the shifting trends, as the former has become a more appealing option compared to other alternatives such as real estate and stock investments.
The interest in Stocks and mutual funds has been on the rise, but they still remain below real estate investments and crypto for other products.
According to Nergis Nurcan Karababa, the content manager of Paribu research, Turkish investors are optimistic about the prospects of digital assets because they perceive them as investments for the future due to their instantaneous transactions and high accessibility as well as their potential for great profits. She said that this transition is also boosted by the increasing exposure of such assets towards the masses in the West.
There seems to be a lack of public knowledge of blockchain technology, although Karababa has noted, investments in crypto currencies are perceived by the public as quite easy to do and doable, whereas blockchain technology itself is rather regarded as a quite sophisticated background technology.
She explains this phenomenon by the fact that other major applications of blockchain, excluding crypto currencies, exist in highly specialized industries which are usually unknown to most of the population.
#Turkish #Bitcoin #BTC $BTC
According to a survey of Turkish crypto exchange Paribu, some Turkish investors have slowly begun to favor digital assets including crypto due to the shifting trends, as the former has become a more appealing option compared to other alternatives such as real estate and stock investments.
The interest in Stocks and mutual funds has been on the rise, but they still remain below real estate investments and crypto for other products.
According to Nergis Nurcan Karababa, the content manager of Paribu research, Turkish investors are optimistic about the prospects of digital assets because they perceive them as investments for the future due to their instantaneous transactions and high accessibility as well as their potential for great profits. She said that this transition is also boosted by the increasing exposure of such assets towards the masses in the West.
There seems to be a lack of public knowledge of blockchain technology, although Karababa has noted, investments in crypto currencies are perceived by the public as quite easy to do and doable, whereas blockchain technology itself is rather regarded as a quite sophisticated background technology.
She explains this phenomenon by the fact that other major applications of blockchain, excluding crypto currencies, exist in highly specialized industries which are usually unknown to most of the population.
#Turkish #Bitcoin #BTC $BTC
#Warning #nefhez #copytrader #Turkish #scammer #plz
"Nefhez" is a trader who has incurred losses of over $1 million over two years while chasing long positions. Whenever he enters the market, it always moves in the opposite direction, and April of this year saw another downturn. Hopefully, regular investors will be cautious of such scammers. Additionally, Binance should take legal action to prevent such scammers from opening copy trading accounts!
As soon as this mentally ill individual was liquidated, he opened another copy trade account, only to achieve another -90% as soon as it was opened. Keep in mind that there are many scammers among the Turkish people.
"Nefhez" is a trader who has incurred losses of over $1 million over two years while chasing long positions. Whenever he enters the market, it always moves in the opposite direction, and April of this year saw another downturn. Hopefully, regular investors will be cautious of such scammers. Additionally, Binance should take legal action to prevent such scammers from opening copy trading accounts!
As soon as this mentally ill individual was liquidated, he opened another copy trade account, only to achieve another -90% as soon as it was opened. Keep in mind that there are many scammers among the Turkish people.