Summary
TLDR: OKX is launching its platform in Turkey as the nation finalizes new crypto regulations following criminal cases. The new platform will offer trading pairs for Turkish users and is part of Turkey’s goal to be a hub for Web 3 innovation. Turkey’s new regulations address money laundering, capital requirements, and more, with the finalization expected soon. Turkish citizens have shown interest in cryptocurrencies as a way to escape devaluation of the Turkish Lira.
Key Points
1. OKX announced its imminent launch in Turkey as the nation finalizes its new crypto regulation. The launch follows several major criminal cases that have hurt crypto investors.
2. OKX launched its new OKX TR platform to Turkish users amid a rollout of crypto regulations that follow a spate of criminal behavior that has harmed many.
3. Mehmet Çamır, the chairman of OKX TR, said he was excited to bring the exchange to Turkish users. He envisions the project as part of Turkey’s goal to be a hub for Web 3 innovation. The exchange recently showcased its advancements in Bitcoin inscriptions with its new marketplace.