rubyris4bl

@rubyris4bl

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According to public CMB data, BankPozitif is among 88 firms that declared they will operate in accordance with Temporary Article 11 of the Capital Markets Law No. 6362.

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“We have completed the necessary temporary permit authorization from the Capital Markets Institution to which we are affiliated. From now on, we will enter the phase of setting up the process within the bank with business rules,” Kork told Cointelegraph.

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“Our local crypto subsidiary, PozitifKripto, has also received the service provider license,” the executive said in a LinkedIn post in late February.

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According to BankPozitif chairman Erkan Kork, the digital bank has received a crypto custody license from the Capital Markets Board of Turkey (CMB).

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“Crypto is a very hype topic. We believe that other players will also be active in the Turkish market. Our young population, high financial literacy and a digitally compatible user demographic provide the basis for this,” the spokesperson said.

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On March 4, BankPozitif announced a strategic partnership with Taurus, enabling its institutional clients to store crypto assets with the bank.

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Turkish digital bank BankPozitif is set to launch cryptocurrency custody services in collaboration with Swiss crypto platform Taurus, making it the latest financial institution in Turkey to embrace digital assets.

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The company’s shift toward Bitcoin accumulation has drawn comparisons to Strategy (formerly MicroStrategy), the US software firm co-founded by Michael Saylor that pioneered Bitcoin treasury investments.

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Eroding risk appetite among crypto investors was the main reason behind the current sell-off, according to Ryan Lee, chief analyst at Bitget Research.

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Ether reserves across all exchanges fell to 18.95 million on Feb. 18, marking their lowest level seen since July 2016 when Ether was trading around $14, CryptoQuant data shows.

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Decreasing Ether supply on crypto exchanges is also an optimistic sign for Ether price, added Kazmierczak.

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President Milei may ultimately face impeachment charges after the country’s fintech chamber acknowledged that LIBRA could be a rug pull.

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In turn, the government has been trying to distance the Argentine president from the scandal, saying that Milei was “scammed” in good faith by the traders who launched LIBRA and that he was unaware of the funding mechanism.

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These latest legal challenges build on earlier criminal charges filed in Argentina, accusing Milei of participating in fraud by endorsing the token.

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The LIBRA token rallied on Feb. 14 after President Milei posted about the project on X. The post, now deleted, emphasized that the project would go to funding “small Argentine businesses and start-ups” and included the contract address, leading the token to rise to a $4.56 billion market cap before plummeting to $257 million just hours later.

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An Argentine law firm filed a criminal complaint with the United States Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) on Feb. 17, pointing to the protagonists behind the downfall of the LIBRA token, according to Clarin, a newspaper in Argentina. The complaint also asks that the role of Argentine President Javier Milei be investigated.

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FACA was not controversial on its inception but was rather “a necessary response” to the vast number of committees that led to “unwieldy management, high costs and lack of accountability,” according to cyber and digital media attorney Andrew Rossow.

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Despite the “D” in its name, DOGE is not actually a federal executive department — that would require approval from Congress. According to the executive order, it’s a temporary organization under the US DOGE Serve, formerly the US Digital Service — an advisory unit for improving government IT structures.

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On Jan. 20, Trump had the Oval Office redecorated according to his personal taste, including a portrait of Jackson.

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Like Jackson, it is possible that Trump could sidestep aspects of enforcement he disagrees with. “Trump has mostly obeyed the courts in the past, but there are many people in his administration who are well aware of this vulnerability, and we may yet see it tested here,” Brogan concluded.

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