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Crypto payments banned in Turkey — Is this just the beginning?

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Buying something with Bitcoin (BTC) in Turkey will soon be illegal, and the topic of crypto payments has become a political debate since the Central Bank of the Republic of Turkeyâs April 16 announcement that it will forbid the use of cryptocurrency as a payment method. The regulation, which will go into effect on April 30, also bans the use of digital wallet providers as fiat on-ramps for crypto exchanges.
Cointelegraph Turkey reached out to local blockchain and crypto industry participants for commentary. Ahmet Usta, chief editor of Blockchain Turkey Platform and co-author of
Blockchain 101, described Turkeyâs first crypto regulation as a âhow-not-to-doâ rather than a âhow-to.â He told ....

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Turkish finance ministry to study cryptocurrency with local regulators

Turkish finance ministry to study cryptocurrency with local regulators
Regulators are taking a hard look at crypto in Turkey, but local experts welcome the oversight.
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Turkey made itself a name as a crypto-friendly country with a wait and see approach to digital assets, but that could be about to change, as the government is now ready to take things in hand.
The Turkish Ministry of Treasury and Finance went to Twitter to express concerns about cryptocurrencies and to announce collaborative work on the topic with several local regulators on Monday.
According to the announcement, the ministry is working with the central bank alongside two financial regulatory agencies: ....

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