Turkey

The ruling AK Party submitted a draft bill on March 2 proposing an income tax on cryptocurrency gains and a transaction levy on crypto asset service providers; the proposal could raise state revenue but increase costs for users and exchanges.

A Ripple senior executive said on Feb. 27, 2026 that the company is "extremely bullish" on Turkey, identifying the country as a key growth market. The remark highlights Ripple's focus on expanding payments and cross-border services in a high-adoption region.

A Ripple senior executive said the company is "extremely bullish" on Turkey and is targeting the country as a key growth market for blockchain payments. Investors and local payment providers may watch for partnerships or pilot programs involving XRP and RippleNet.

Tether has frozen more than $500 million in digital assets tied to a Turkish gambling ring, affecting addresses associated with the operation. The move highlights the stablecoin issuer's growing role in blocking suspected illicit flows tied to USDT.

Garanti BBVA Kripto, the digital-asset arm of Turkey’s second-largest private bank, has renewed and expanded its custody partnership with Ripple to deepen institutional support for XRP custody. The move strengthens Turkey’s crypto infrastructure and broadens custody options for bank clients.

Turkish crypto exchange BtcTurk disclosed a security breach on Jan. 5, 2026, saying attackers siphoned roughly $48 million from its hot wallets across several blockchains. The incident underscores ongoing hot-wallet risks for exchanges and users.

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.