The Turkish digital bankpozitif is to launch cryptocurrency care services in cooperation with the Swiss Cryptographic Platform Taurus, which makes it the latest financial institution in Turkey, which adopted digital assets.
On March 4, BankPozitif announced a strategic partnership with Taurus, enabling its institutional customers to store cryptographic assets at the bank.
It is expected that the service will be introduced by June and initially it will contain the service of the five best cryptocurrency assets according to market capitalization, including Bitcoin (BTC), Ether (BTC), Tether USDT (USDT), XRP (XRP) and Solana (SOL), BankPozitif Cookinelegraph spokesman.
“Crypto is a very noise. We believe that other players will also be active on the Turkish market. Our young population, high knowledge of finances and a digitally compatible demographic group of users form the basis, “said the spokesman.
BankPozitif received transient cryptographic nod from CMB
According to the chairman of BankPozitif, Erkan Kork, a digital bank, received a license for cryptocurrency from the Capital Markets Board of Turkey (CMB).
“Our Local Cryptographic Company, POZiTIFKRIPTO, also received a service provider’s license,” Executive Director he said In LinkedIn’s post at the end of February.
Announcement of CMB license by the chairman of BankPozitif Erkan Kork in February. 28. Source: LinkedIn
“We have completed the necessary temporary permission to the institution of capital markets to which we are connected. From then on, we will enter the process of configuring the process in a bank with business rules, “said Kork Cointelegraph.
Related: Taurus launches the Solana detention and tokenization platform for banks
According to For public CMB data, BankPozitif belongs to 88 companies that stated that they will operate in accordance with the transient art. 11 of the Act on capital markets No. 6362.
“In this context, the existence of a” list of people acting “does not mean that the organizations contained on this list are authorized in accordance with the relevant provisions,” said the authority.
The bull cooperates with other Turkish banks
In addition to BankPozitif, Taurus cooperates with three other Turkish banks, including Misyon Bank-who announced his debut in cryptography in March 2024-the main founder of Taurus Lamine Brahimi told Cointelegraph.
Erkan Kork from BankPozitif (on the left) and Lamine Brahimi Taurus. Source: LinkedIn
“As the demand for safe, in accordance with digital asset solutions, we undertake to support the financial sector Türkiye with the institutional class infrastructure-supported by our local presence in Istanbul,” said Brahimi.
Other cryptocurrency warm banks in Turkey are Garanti BBVA and Akbank.
As mentioned earlier, Türkiye introduced up-to-date cryptographic regulations in the last week of 2024, guided by the more severe means of preventing money laundering and customer identification rules.
Warehouse: How do cryptocurrency regulations change around the world in 2025
