The Turkish Digital Bank Bankpositif to debut Crypto custody with Taurus

Bankpositif Bankpositif of the Turkish digital bank is to launch Custody Cryptocurrency services in collaboration with the Swiss Crypto Taurus platform, which makes it the most recent financial institution in Turkey to embrace digital assets.

On March 4, Bankpositif announced a strategic partnership with Taurus, allowing its institutional customers to store Active Cripto with the bank.

It is expected that the service will be launched by June and will initially present assistance for the first five crypto -cypto assets by the market head, including Bitcoin (Btc), Ether (Btc), Tether USDT (USDT), Xrp (Xrp) and solar (ground), a spokesman of Bankpositif told Cointeraph.

“Crypto is a very hype topic. We believe that other players will be active on the Turkish market. Our young population, high financial literacy and a digital compatible user demographic offers the basis for this, ”said the spokesman.

Bankpositif received a temporary crypto node from CMB

According to President Bankpositif, Erkan Kork, the Digital Bank received a cryptody license from the Turkish Capital Board (CMB).

“Our local crypto branch, Postifkripto, also received the license of the service provider”, the Executive Executive said In a LinkedIn post at the end of February.

“We have completed the necessary authorization of the temporary permit from the institution of the capital markets 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 Costenstegraph.

Related: Taurus launches the stream based on the Sola Sola, solar, solar

Conformable For the public data of the CMB, Bankpositif are among 88 companies who have stated that they will operate according to article 11 temporarily of Law no. 6362.

“In this context, the existence of the” list of those who work “does not mean that the organizations included in this list are authorized in accordance with the relevant legislation,” said the authority.

Taurus works with other Turkish banks

Apart from Bankpositif, Taurus worked with three other Turkish banks, including Misyon Bank – which and announced the Crypto debut In March 2024 declared the co-founder of the Lamine Brahimi Taurus for Coteletegraph.

“As the demand for safe and conforming digital assets solutions, we commit ourselves to support Türkiye’s financial sector with institutional quality infrastructure-sustained by our local presence in Istanbul,” Brahimi said.

Other crypto-private banks in Turkey include Garanti Bbva and Akbank.

As mentioned above, Turkey has introduced new encryptic regulations In the last week of 2024, targeting strict money laundering measures and customer identification policies.

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