Central Bank of Turkey has frozen payments in cryptocurrencies

Turkey's central bank has banned the use of cryptoassets in payments, arguing that they pose significant risks due tounstable price, irrevocable transactions and are used in illegal transactions.

The bank also stated that the crypto assets “do notIt is subject to any mechanisms of regulation and supervision and is not supervised by the central regulating organ. " The official statement of the bank says about the release of the so-called "Provisions on prohibiting the use of cryptoassets in payments".

This event was preceded by months of economic trauma, the culmination of which was the appointment of a prezid with a Regeneration of Erdogan of the new flower

Likewise, that Kavchioglu is not inclined to take up the cryptocurrency, since the following reasons for the ban are given in the official statement:

• the cryptocurrency is not subject to the action of any mechanisms of regulation and supervision from the side of the central regulatory authority;
• has a market value that can be quite variable;
• can be used in illegal actions because of its anonymous structure;
• uses wallets that can be hacked or used without the permission of their owners;
• Uses irrevocable transactions.

The Central Bank of Turkey has banned the use of cryptoassets for the purchase of goods and services through a week after that, as the Turkish information on the use of

Other countries have also banned the use of cryptocurrencies in payments: in Russia it happened this year, China came to such a solution back in 2017.

Thinking, Twitter is guided by the outragedBy the way, a well-known bitcoin expert and crypto-investor Antony Pompliano wrote that bitcoin (BTC) “won a free market for a reason

"This is of no value," Pompliano said, "the acceptance in these countries does not wane."

CEO Jeff Booth said that "there is no better signal that you need a bitcoin than trying the central banks to stop it." He also expressed his confidence in the acceleration of acceptance.

</p></p>