Turkey's Central Bank Governor Says the Ban on Cryptocurrencies is Limited to Payments

Story by Manikanta Immanni Updated 5 months ago

Sahap Kavcioglu, Governer of Turkey's Central Bank has confirmed to Turkish media that ban on Cryptocurrencies made last week isn't an outright one, but limited to payments. Due to their high volatile nature, payments made in cryptocurrencies can cause irreparable damage and transaction risks. Further, he said that Turkey is working on broader cryptocurrency regulations.

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