Huobi Plans to Open Fiat Gateway with Lira-Tether Pairing in Turkey

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Global crypto exchange Huobi plans to roll out a fiat gateway in Turkey that could increase access to more than 250 cryptocurrencies for local investors.The move comes as Turkey puts forward a clearer legal framework for the crypto market in a country where many people already hold cryptocurrencies, Mohit Davar, Huobi’s EMEA regional president, told CoinDesk.The company is announcing the project at the Eurasia Blockchain Summit in Istanbul on Friday.Davar said the exchange has partnered with one of the largest local banks to build the infrastructure and compliance standards for the fiat gateway, but declined to name the local bank partner. Read more
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