Bankpozitif Launches Crypto Custody with Taurus

Turkey’s Big Step into Crypto World

Listen up, everyone! Big news from Turkey’s digital bank world. BankPozitif, a top Turkish digital bank, has joined hands with Taurus, a famous digital asset expert. Why’s this a big deal? Because now, BankPozitif can offer super-safe and rule-following crypto storage services, just like the big guys do![1][2]

What’s in the Partnership?

BankPozitif and Taurus are teaming up to use Taurus’ awesome tools. Taurus-PROTECT is like a super-safe vault for cryptocurrencies, tokenized assets, and digital money. It keeps them safe in different ways, like hot, warm, and cold storage. Taurus-EXPLORER, on the other hand, helps connect to all sorts of blockchains, both public and private.[1][3]

Why Now?

Turkey loves digital assets! People are using them more and more, and big companies are getting interested too. With some economic challenges, like high inflation, people see cryptocurrencies as a way to protect their money.[3] Plus, the rules in Turkey are getting better for digital assets, making it a great time for new ideas![3]

What About the Rules?

BankPozitif has got a special permit from the Capital Markets Board of Turkey (CMB) to start offering crypto storage services. This means they can set up their services following the rules.[2] With better rules, Turkey is becoming a safer place for digital asset services.[2]

When Can We Use It?

The new crypto storage service will start in June 2025. At first, it will support the top five cryptocurrencies by size: Bitcoin (BTC), Ether (ETH), Tether USDt (USDT), XRP (XRP), and Solana (SOL).[2] This means BankPozitif is ready to serve both regular people and big companies who want safe and rule-following digital asset services.[1][2]

Why Should We Care?

This partnership is a huge step for Turkey’s digital bank world. As the rules get better, more cool things like this will happen. With a focus on safety, rules, and new ideas, this partnership is ready to meet the growing demand for digital asset services in Turkey.[1][3]

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Sources:
– ffnews.com
– cointelegraph.com
– coindesk.com
– finextra.com
– ledgerinsights.com