In July 2018, the first batch of 100 minibusses out of a total of 275, said to have been purchased by the NPP for commercial purposes, under the leadership of Freddie Blay arrived in the country. The promise of the delivery of 275 buses, according to him, was to facilitate the work of the various constituencies across the country. Lawsuit against Freddie Blay buses When the buses arrived, Kelliot Royal Motors dragged the Universal Merchant Bank (UMB) to an Accra High Court in a bid to block the distribution of 100 buses. Kelliot Royal Motors avers in his writ that he secured a loan facility in excess of $3 million to procure the buses for onward sale to the party on May 13, 2018.
Turkey Bans Use Of Crypto Assets in Payments
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Bitcoin: Turquía se convierte en la mayor economía del mundo que prohíbe las criptomonedas
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Bitcoin tumbled more than 4% on Friday after Turkey s central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible irreparable damage and transaction risks. In legislation published in the Official Gazette, the central bank said cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, directly or indirectly, to pay for goods and services. The decision could stall Turkey s crypto market, which has gained momentum in recent months as investors joined the global rally in bitcoin, seeking to hedge against lira depreciation and inflation that topped 16% last month.
Bitcoin was down 4.6% at $60,333 at 1117 GMT after the ban, which was criticised by Turkey s main opposition party. Smaller coins ethereum and XRP, which tend to move in tandem with bitcoin, fell between 6%-12%.