Right after Friday morning’s “dictations” by the newly appointed governor of the Turkish central bank, which effectively banned the use of cryptocurrency in the country, it now appears that Bitcoin (BTC) is stuck in party dust, as the leader of the Turkish opposition. party said so. support for digital currency. …
According to the Cointelegraph, the Central Bank of Turkey announced on Friday that from April 30, any payments in cryptocurrency and exchange rates will be considered illegal. In addition, “any direct or indirect use of cryptoassets in payment services and the release of electronic funds” is prohibited.
In response to the harsh statement, the leader of the Turkish opposition party, Kemal Kilicdaroglu, announced in a series of tweets about support for bitcoins and cryptocurrencies in general:
“Who did you consult with the coding decision, Governor?” he asked, probably referring to Turkish President Recep Tayyip Erdogan, who is called an authoritarian and dictator. “I will sit down and consult all stakeholders on this matter.”
He later pointed out that after negotiating with “stakeholders all day”, he concluded that cryptocurrency is the most likely sector for Turkey to produce unicorn companies over $ 1 billion. He added that the announcement showed that the ruling party “does not tolerate youth.”
In addition to being useful as a political topic of conversation, the ban will have a significant impact on many Turks. A poll from 2019 showed that Turkey was one of the leaders in the adoption of cryptocurrency (although this study has been thoroughly investigated). It contains a stable currency linked to the lira, which is listed on several exchanges, and the local exchange BtcTurk is sponsored by football clubs.
For cryptocurrencies in Turkey, however, it can be written what it is. In an attempt to control the country’s payment infrastructure, Turkey banned PayPal in 2016. Similarly, plans were made in 2020 to introduce a state digital currency, arguably the most damaging to Turkey’s rulers, as BTC hit record highs against the lira. … Earlier this year.