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Turkey’s Enthusiasm in Crypto Investment Halted by New Regulation Measures

Turkey’s Enthusiasm in Crypto Investment Halted by New Regulation Measures



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2 Comments

  1. Pretty sure this going to be world wide trend now. Most economies are working on their own government backed digital currency. They see crypto as unfair competition.

    Lira down 70% this year

    Just about any coin in the top 100 has over 500% gains so far

  2. tldr; The Central Bank of Turkey has banned the use of cryptocurrencies in making payments. As of April 30, payment and electronic money institutions will not mediate platforms that offer trading, custody, transfer, or issuance services for crypto assets besides mediating fund transfers from them. Turks and companies have traditionally been using gold and foreign currencies, including the US dollar, to protect themselves against inflation.

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

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