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Turkish integer slope BankPozitif is acceptable to motorboat cryptocurrency custody services successful collaboration with Swiss crypto level Taurus, making it the latest fiscal instauration successful Turkey to clasp integer assets.
On March 4, BankPozitif announced a strategical concern with Taurus, enabling its organization clients to store crypto assets with the bank.
The work is expected to beryllium rolled retired by June 2025 and volition initially diagnostic enactment for the apical 5 crypto assets by marketplace cap, including Bitcoin (BTC), Ether (BTC), Tether USDt (USDT), XRP (XRP) and Solana (SOL), a spokesperson for BankPozitif told Cointelegraph.
“Crypto is simply a precise hype topic. We judge that different players volition besides beryllium progressive successful the Turkish market. Our young population, precocious fiscal literacy and a digitally compatible idiosyncratic demographic supply the ground for this,” the spokesperson said.
BankPozitif received impermanent crypto motion from CMB
According to BankPozitif president Erkan Kork, the integer slope has received a crypto custody licence from the Capital Markets Board of Turkey (CMB).
“Our section crypto subsidiary, PozitifKripto, has besides received the work supplier license,” the enforcement said successful a LinkedIn station successful precocious February.
CMB licence announcement by BankPozitif president Erkan Kork connected Feb. 28. Source: LinkedIn
“We person completed the indispensable impermanent licence authorization from the Capital Markets Institution to which we are affiliated. From present on, we volition participate the signifier of mounting up the process wrong the slope with concern rules,” Kork told Cointelegraph.
Related: Taurus launches Solana-based custody and tokenization level for banks
According to nationalist CMB data, BankPozitif is among 88 firms that declared that they volition run successful accordance with Temporary Article 11 of the Capital Markets Law No. 6362.
“In this context, the beingness of the ‘list of those operating’ does not mean that the organizations included successful this database are authorized successful accordance with the applicable legislation,” the authorization mentioned.
Taurus works with different Turkish banks
Apart from BankPozitif, Taurus has been moving with 3 different Turkish banks, including Misyon Bank — which announced its crypto debut in March 2024 — Taurus co-founder Lamine Brahimi told Cointelegraph.
BankPozitif’s Erkan Kork (left) and Taurus’ Lamine Brahimi. Source: LinkedIn
“As request for secure, compliant integer plus solutions grows, we’re committed to supporting Türkiye’s fiscal assemblage with institutional-grade infrastructure — backed by our section beingness successful Istanbul,” Brahimi noted.
Other crypto-friendly banks successful Turkey see Garanti Bbva and Akbank.
As antecedently mentioned, Turkey introduced caller crypto regulations successful the last week of 2024, targeting stricter Anti-Money Laundering measures and lawsuit recognition policies.
Magazine: How crypto laws are changing crossed the satellite successful 2025
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