Turkey’s BankPozitif and Taurus Team Up for Crypto Custody
Big news in the world of cryptocurrency! Turkish digital bank BankPozitif has joined forces with Swiss crypto platform Taurus to start a new service. They’re going to keep and protect cryptocurrencies for big clients, like companies and investors. This is a first for Turkey, and it shows that the country is really getting into cryptocurrencies[1][2].
The Powerful Partnership
BankPozitif and Taurus are working together to offer safe and reliable crypto custody services. Taurus is known for its strong protection tools, and they’ll also share their “EXPLORER” service. This will help BankPozitif connect to different blockchains, making it easier to manage digital assets[3].
Why Turkey and Why Now?
Turkey has been having some economic troubles, like high inflation. Because of this, many people in Turkey are turning to cryptocurrencies as a way to protect their money[1]. The government is also making rules that are friendlier to digital assets, which makes it a good time for banks to offer crypto services[1].
What’s Next?
The new crypto custody service will start in June 2025. At first, it will support popular cryptocurrencies like Bitcoin, Ethereum, Tether, Ripple, and Solana[4]. This could make Turkey a big player in the global crypto world. The fact that Turkey’s Capital Markets Board approved these services shows that the government is ready to embrace digital assets[4].
A New Chapter for Crypto in Turkey
In short, BankPozitif and Taurus are working together to bring crypto custody services to Turkey. This could help the country become a major hub for digital asset transactions. It also shows how working together can bring new ideas to the financial world.
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Sources:
– coindesk.com
– chaincatcher.com
– panewslab.com
– binance.com
– ffnews.com