Turkey is planning to establish a central custodian bank for crypto exchanges

For those behind the paywall: https://archive.is/ixbEh

> Turkey is planning to regulate its cryptocurrency market after two local exchanges crumbled within days.

> The government is planning to establish a central custodian bank to eliminate counterparty risk following the collapse of the Thodex and Vebitcoin exchanges last week, according to a senior official familiar with the plans. Authorities are also pondering a capital threshold for exchanges and education requirements for executives at such firms, the official told Bloomberg on Monday, speaking on condition of anonymity as the plans haven’t been finalized yet.