Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 19 SEPTEMBER 2024

Market Intelligence Thought Leadership Award Winner

Turkey's Rapid Crypto Growth: Why Cyprus Offers A More Stable And Predictable Environment For Crypto Businesses

Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC
Contributor
Explore more from Michael Kyprianou & Co. LLC

Turkey has rapidly emerged as a significant hub for cryptocurrency companies, driven by a combination of economic factors and recent regulatory changes.

GlobalTechnology
Michael Kyprianou & Co LLC
Michael Kyprianou & Co LLC
Author LinkedIn connections

Turkey has rapidly emerged as a significant hub for cryptocurrency companies, driven by a combination of economic factors and recent regulatory changes. With the introduction of new crypto legislation in July 2024, Turkey is solidifying its position as a central player in the global cryptocurrency market, attracting numerous industry giants such as Binance, Coinbase, KuCoin, and Gate.io.

Turkey's increasing growth in the cryptocurrency world may be a result of several economic factors. The country faces high inflation rates and a steadily devaluing currency, leading many citizens to seek alternative forms of investment and wealth preservation. With over half of the population now investing in cryptocurrencies, according to sources, Turkey ranks as the fourth-largest crypto market globally, with an estimated trading volume of USD 170 billion.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

From Cybersecurity To Supply Chain Sovereignty In CSA2: The Spotlight On Suppliers

In January 2026, the European Commission unveiled its plan to overhaul the EU's Cybersecurity Act, a proposal now known as CSA2. It's the natural next step in a story that began years earlier with the EU's 2020 "5G Security Toolbox" - a set of voluntary recommendations encouraging Member States to be cautious about certain telecom suppliers. That voluntary approach produced patchy results: by most accounts, fewer than half of EU countries had actually acted on those recommendations. It is worth asking whether the adoption levels were however a failure of design, or a reflection of Member States reaching different conclusions about their risk exposures.
CyprusTechnology
Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
Article

Europe’s Technological Sovereignty Package: Semiconductors, AI, Open Source And Energy

The European Commission has unveiled the European Technological Sovereignty Package, a comprehensive legislative framework targeting four critical areas: semiconductor manufacturing through Chips Act 2.0, cloud and AI infrastructure via the Cloud and AI Development Act, digital autonomy through open source strategy, and energy sector digitalization. This ambitious initiative aims to fundamentally transform Europe's technological independence and competitive position in the global digital economy by 2030.
CyprusTechnology
George Z. Georgiou & Associates LLC
George Z. Georgiou & Associates LLC
Article

When Artificial Intelligence Creates The Brand – The New Era Of Trademarks

Artificial intelligence has revolutionized brand creation, enabling businesses to generate names, logos, and slogans within minutes. However, speed and convenience don't guarantee legal protection, raising critical questions about trademark ownership, registration eligibility, and the protection of AI-generated brands in an era where technology outpaces traditional intellectual property frameworks.
CyprusIntellectual Property
Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC
Article

Restrictions Imposed On Short-Term Property Rentals In Greece – What Are The Points That Prospective Investors In Greek Property Should Take Into Account

Greece has introduced significant restrictions on short-term property rentals, particularly affecting properties in central Athens municipal districts. Understanding the registration requirements, administrative penalties, and recent regulatory changes is crucial for anyone considering investment in Greek real estate for short-term rental purposes.
GreeceReal Estate and Construction
Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC
Article

Cyprus Tax Department Strengthens Due Diligence Requirements Under DAC2/CRS

The Cyprus Tax Department has issued new guidance strengthening due diligence requirements for financial institutions under DAC2/CRS, specifically targeting potential misuse of Citizenship by Investment and Residence by Investment schemes. Financial institutions must now implement enhanced verification procedures to ensure accurate reporting of account holders' tax residency, with immediate application to new clients and a six-month compliance window for existing accounts.
CyprusTax
Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC