Turkey EMI or Bank for Cryptocurrency

[Rain0241]

Dear Forum,

I need an EMI or bank in Turkey for my cryptocurrency Merchant and I couldn't find anything on the net. If you know some of them please I need your help.

Thank You,
R

 

[claphill]

Try the banks in Northern Cyprus. Each bank has a Turkish IBAN and operates within‌ Turkish banking network.

The condition is to set up a branch of mother company, and‍ then the procedure is straigt forward. Northern Cyprus does not exchange any information under CRS⁠ or FATCA and their AML policies are not strict, so they easily accept crypto.

 

[Rain0241]

Hi Claphill,

Thank you for the for the suggestion. Appreciate it.

 

[Spinat]

And what about to send money from such account to say⁣ Germany, Sweden or other EU country bank account?

 

[claphill]

There are also reliable recognized baning brands operating in Northern Cyprus, e.g. Türk Ekonomi Bankasi‌ A.S. (TEB) - under the BNP Paribas brand.

 

[CaLViN]

Nearly all Turkish banks have branches‍ in Northern Cyprus which means you can send and receive payments globally.

 

[Remy]

About personal account opening, I find interesting this article : How to open a bank‌ account in North Cyprus – T-VINE