CryptoAlly
Sat Jun 08 2024
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7 answers
2091
Is crypto legal in Turkey?｜Legislative initiatives. . The decision was driven by concerns over potential risks to financial stability, consumer protection and the transfer of funds to the shadow economy.In April 2021, the Central Bank of Turkey banned the use of cryptocurrencies as a means of payment
Could you please elaborate on the legality of cryptocurrencies in Turkey? I've heard that there have been legislative initiatives addressing this matter. Was the decision influenced by concerns related to financial stability, consumer protection, or the redirection of funds towards the shadow economy? Additionally, I've read that in April 2021, the Central Bank of Turkey prohibited the utilization of cryptocurrencies as a payment method. Could you provide more insight into this ban and its potential impact on the crypto landscape in Turkey?
