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Bitcoin: Turkey has become the largest economy in the world to ban cryptocurrencies

Bitcoin: Turkey has become the largest economy in the world to ban cryptocurrencies

  • The wording
  • BBC World News

Illustration of Bitcoin.

Image source, Getty Images

Reverse cryptocurrencies from Turkey.

The country’s central bank has banned direct and indirect payments in cryptocurrencies and crypto assets, in an unusual position in the virtual currency market.

In an advertisement published in the State’s Official Gazette, the authority justifies its decision In transaction risk.

“Payment service providers will not be able to carry out their transactions in a way that uses crypto assets directly or indirectly in providing payment services and issuing electronic money,” the statement said.