Turkey to ban cryptocurrency payments

Cointelegraph

Published Apr 16, 2021 03:28AM ET

Updated Apr 16, 2021 05:00AM ET

A new ban in Turkey will prohibit crypto holders from using their digital assets for payments, in addition to preventing payment providers from adding funds to their digital wallets at crypto exchanges.

According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban will come into effect on April 30, rendering any crypto payments solutions and partnerships illegal.

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