K Investment and Stablex was held in December 2022. Since then, the two companies have been working together to develop a viable business plan that meets all regulatory requirements.
The partnership between Akbank’s subsidiary and Stablex is expected to be beneficial for both parties as it will enable them to expand their crypto businesses in Turkey. The move is likely to attract more investors into the Turkish cryptocurrency market, leading towards further growth of this nascent industry.
Additionally, Ak Investment has also applied for a license from Turkey’s Capital Markets Board (CMB) which would allow them to become an official partner of Binance Exchange – one of the largest digital currency exchanges in the world today. This application could potentially open up even more opportunities for both parties involved if approved by CMB regulators later on this year or early next year.”””