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Turkey wages war on cryptocurrencies and investors lose a fortune

Turkey wages war on cryptocurrencies and investors lose a fortune Fortune 4/30/2021 © Isa Terli Anadolu Agency via Getty Images Turkey faces a crisis not unique in emerging economies: soaring inflation, plunging demand for its debt, and a bruising unemployment rate. Add to that a pliant central bank governor beholden to autocrat President Recip Tayyip Erdoğan who is not above installing his son-in-law as finance minister and you get all the conditions for rampant cryptocurrency speculation. That speculation came to an abrupt end two weeks ago when Turkey revealed plans to ban these software-based digital tokens as a form of payment on April 30 in an attempt to combat a flight from the tanking Turkish lira.

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Turquie : Panique totale des centaines de milliers de clients de la cryptomonnaie Thodex devenue indisponible

Turquie : Panique totale des centaines de milliers de clients de la cryptomonnaie Thodex devenue indisponible
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Turkey seeks arrest of missing crypto boss over huge fraud – Voice Of Vienna

Turkey seeks arrest of missing crypto boss over huge fraudInternational 2021-04-24, by Editor Comments Off 0 Police on April 23 arrested 62 suspects in Turkey as a part of an investigation into a cryptocurrency exchange platform, Thodex, the website of which is currently inaccessible, according to security sources. The Chief Public Prosecutor’s Office issued detention warrants for 78 suspects over their alleged links to Thodex, the source said on condition of anonymity due to restrictions on speaking to the media. While police teams carried out simultaneous raids in eight different provinces to nab 62 out of a total of 78 suspects, efforts are underway to arrest the remaining suspects.

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Turkey opens probe on crypto currency platform Thodex – Voice Of Vienna

Turkey opens probe on crypto currency platform Thodex – Voice Of Vienna
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Arnaque aux cryptomonnaies: une enquête ouverte en Turquie

Arnaque aux cryptomonnaies: une enquête ouverte en Turquie
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