Turkish watchdog stretches rules and allows crypto wallets to collect aid

Turkish singer known for his charitable character, Hulk Levent, reached national financial watchdog (Massak) and persuaded them to allow the raising of cryptocurrency donations to support earthquake relief.

stretching rules

Crypto Twitter in Turkey to call out to crypto influencers who were forwarding message I asked the Turkish government for a crypto wallet for donations.

Opening a cryptocurrency wallet to collect donations is currently not legal in this country. Upon learning of this, Levent reached out to his fanbase and used a Twitter poll to ask if they should try opening a cryptocurrency wallet registered in his name to collect donations. rice field.

After most voters supported the idea, Levent contacted MASAK for permission. 10 hours later the guard dog said approved 3 purses to actively collect donations for a week.

At the time of writing, the wallet has been active for 6 hours and collected Over $2 million, equivalent to over 37 billion Turkish lira. Levent said he would facilitate the liquidity process and transfer them to Ahbap, an NGO that supports disaster relief.

Crypto community unites

Turkish crypto influencer, steve da bitcoin, Said He and BitFinex CTO Paolo Ardoino steve groupBitFinex, and Tether (USDT) to help those affected by the earthquake.

A few hours after this, BitFinex and Tether announced They had donated 5 million Turkish lira ($265,508) to aid the disaster.a part A portion of this amount will be sent to areas affected by the earthquake, and the rest will be saved to support the reconstruction phase.

The news also caught the attention of leading cryptocurrency exchange Binance and its CEO Changpeng Zhao (CZ). On Feb. 6, CZ said his Binance team was working on a project to help Turkey.

We are really saddened by the earthquake in Turkey . Our team has been working on solutions to help people. There are quite a few details. We had four meetings about it today. Details will be announced later. stay strong.

CZ Binance (@cz_binance) February 6, 2023

Binance in a few hours announced It will airdrop BNB worth $100 to residents of the earthquake-hit city. The total amount is expected to reach just under $5 million.

earthquake

Southeastern Turkey was hit by three major earthquakes on February 6th. beginning A magnitude 7.7 earthquake was recorded at 4:17 am. An aftershock of size 6.4 followed at 4:26 AM. Then at 13:24, The third A magnitude 7.6 blast hit the same area. More than 180 aftershocks have been recorded since the first earthquake.

Turkish Crypto Community Is On tariff From the first hours of the catastrophe. Turkey declared a Level 4 alert and called for international assistance after the third quake.of the current According to figures, over 11,302 buildings were demolished and 13.5 million people were affected.