The Turkish government banned Bitcoin and crypto as a payment method, but the citizens can still buy invest in crypto. So I don't think it's such a serious problem.
Spot on. The Turkish Lira (national currency) has been facing issues for sometime now, and therefore it was not surprising to see the central bank curbing the usage of other currencies. During the last four weeks, the currency has devalued by more than 10%. The government is also facing acute revenue shortage, due to the fall in tourist arrivals. Still I have to admit that the Turkish government acted in a very mature manner, when compared to their colleagues in India and Nigeria.