Capital Markets Board

A total of 31 initial public offerings have been launched as of the end of October, raising 55.9 billion Turkish Liras ($1.63 billion), according to İbrahim Ömer Gönül, the head of the Capital Markets Board (SPK).

Turkish authorities are investigating social media posts that falsely claimed that Finance Minister Mehmet Şimşek had resigned.

Last week rumors emerged alleging that Şimşek intended to tender his resignation but was pursued to remain in office.

The new legal regulation on crypto assets is an important milestone for all actors in the Turkish market, the head of a major digital currency exchange market has said.

"The license requirement will increase the reliability of crypto asset platforms operating in this field by ensuring they are on a legal basis," Binance TR CEO Mücahit Dönmez recently told a group of journalists.

The Turkish parliament, initially set to recess on July 1, has extended its working period after the ruling Justice and Development Party (AKP) proposed a revised calendar.

The legislative body is now expected to go on recess at the end of July following the completion of several key legislative proposals.

Finance Minister Mehmet Şimşek is expected to attend a Financial Action Task Force (FATF) meeting to be held in Singapore later this month, officials have said.

At the FATF plenary and working group meeting in Singapore on June 28, Türkiye is expected to be removed from its gray list.

The Paris-based global money-laundering watchdog added Türkiye to the list in 2021.

The Turkish parliament's planning and budget commission has approved a bill aimed at regulating the crypto assets sector in the country.

The draft law, which requires crypto asset service providers to obtain licenses from the Capital Markets Board, includes the definitions of crypto assets.

The number of investors in Borsa Istanbul has picked up again in the past two weeks with new initial public offerings on the stock exchange.

Some investors left the stock exchange in the past months due to the combination of several factors. The interest rates on saving accounts rose, while the performance of the shares offered via public offerings was disappointing. 

İşbank, the largest private lender by asset, has become the first bank to issue Turkish Lira-denominated green bonds in Türkiye.

In a filing with Borsa Istanbul, the bank said it completed the issuance of the 500 million lira nominal valued green bonds with 728 days of maturity.

Bonds with floating rates and quarterly coupon payments were sold to qualified investors.

President Recep Tayyip Erdoğan has argued Türkiye's recent financial initiatives are solidifying its position as a financial powerhouse, attracting both domestic and international investors.

The Turkish financial system operates in full compliance with international obligations, the Treasury and Finance Ministry has said in a statement in response to allegations in a recent New York Times article.