Turkey bans cryptocurrency

Turkey’s central bank announced on Friday that it would ban the use of cryptocurrency and cryptoassets to buy goods and services, a week after Turkish authorities asked trading platforms to provide user information.

Turkey bans cryptocurrency

Cryptocurrency and other such digital assets based on distributed ledger technology cannot be used directly or indirectly as payment instruments, the Central Bank of Turkey said in a piece of legislation published in the official gazette.


“Payment service providers cannot develop business models by using encrypted assets directly or indirectly to provide payment services and e-money issuance, nor can they provide any services related to such business models,” the bank said.

article links:Turkey bans cryptocurrency

Reprint indicated source:Spark Global Limited information

©Spark Global Limited Financial information & The content of the website comes from the Internet, and any infringement links will be deleted.