Post
Topic
Board Economics
Re: Turkish Central Bank Forbids use of cryptocurrencies as a mean of Exchange.
by
Spaffin
on 19/04/2021, 15:07:56 UTC
I believe that the Turkish government makes a decision on cryptocurrencies precisely for the reason that Turkey is in a leading position along with the United States and India in the spread of coronavirus around the world. Their economy is in a very poor condition, while it should be borne in mind that the holiday season in Turkey will practically be closed, which means that the receipt of funds in the State Treasury will be almost critical. Since the government sees a large-scale leak of finance into the cryptocurrency, they accordingly took tough measures to reduce the damage.