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Turkey bans crypto assets over illegal transaction fears

Turkey bans crypto assets over illegal transaction fears



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16 Comments

  1. Hi ım from Turkey and the tittle is wrong.Crypto is still legal here they just changed a few things about depositing.They only banned using crypto to buy something in real life

  2. Yes banning crypto which operates on blockchain which is mostly transparent and keeps a history of transactions will stop or reduce illegal activities.

    Security agents should definitely not rely on blockchain which conveniently provides a paper trail for all to follow up on said transactions. Making their jobs slightly easier.

    Makes perfect sense lmao.

  3. tldr; Turkey’s Central Bank has banned the use of crypto assets in payments as part of the country’s efforts to regulate cryptocurrencies. The government has been closely monitoring cryptocurrencies for some time, alleging that extremists might use them to fund illegal activities or facilitate money laundering. The new regulation will come into effect by April 30.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  4. Yeah I imagine “illegal transactions” are a huge concern for the Turkish government. Much more so than “no one trusts our dollar because the economy is fucked and inflation is out of control”

  5. > **Turkey bans crypto assets over illegal transaction fears**

    Naah.

    They’re banning it because cronies will be exempt from the ban and will get enriched by this ban.

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