Turkey
Ripple’s Reece Merrick tweeted that the company is observing “tremendous traction” across Sub-Saharan Africa and Turkey, highlighting growing interest in its cross-border payment solutions. The remark signals potential momentum for XRP use in key remittance and liquidity corridors.
The former CEO of Thodex was found dead in his prison cell while serving time for a $2 billion exit scam that prompted sweeping changes to Turkey's crypto laws and exchange oversight. The case highlights persistent risks for retail investors and renewed calls for stronger custody, transparency, and enforcement.
Turkey is enforcing new measures to combat money laundering through cryptocurrencies, including withdrawal waiting periods and stablecoin transfer caps. These efforts target illegal activities such as fraud and betting, aiming for increased transparency in crypto transactions.