Tether joins forces with Fuze for educational venture in Turkey and MENA

While Tether suggests engagement with local and regional lenders, specific details regarding the educational training program’s participants remain undisclosed. Fuze CEO Mo Ali Yusuf shared Ardoino’s sentiment, saying the program hopes to ensure that “everyone from institutions to end consumers benefit from the vast opportunities presented by well-managed, secure, and trusted digital assets.”

The initiative marks Tether’s second educational campaign this year, following an earlier Memorandum of Understanding with Uzbekistan’s National Agency of Perspective Projects, aiming to position the republic “as a central hub for peer-to-peer and blockchain technology.”

Meanwhile, Turkey is strategizing to exit the Financial Action Task Force’s “grey list” by imposing more regulatory oversight on crypto. According to local representatives of the crypto market, Ankara is weighing a new regulatory regime to prevent the “abuse of the system,” focusing on licensing standards, capital adequacy requirements, and compliance metrics for custody services such as proof of reserves. However, the timeline for these regulatory changes remains unclear so far.