Right after the morning dictations of the newly appointed head of the Turkish central bank, who effectively banned the use of cryptocurrency in the country, it now appears that bitcoin (BTC) is stuck in party dust, as the leader of the Turkish opposition party said. digital currency support. …

According to the Cointelegraph, the Central Bank of Turkey announced on Friday that from April 30, any payments in cryptocurrency and online cryptocurrency transactions will be illegal. In addition, “any direct or indirect use of cryptoassets in payment services and the release of electronic funds” is prohibited.

In response to the harsh statement, the leader of the Turkish opposition party, Kemal Kilicdaroglu, announced in a series of tweets about support for bitcoins and cryptocurrencies in general:

“Who did you consult with the coding decision, O governor?” he asked, probably referring to Turkish President Recep Tayyip Erdogan, who is called an authoritarian and dictator. “I will sit down and consult all stakeholders on this matter.”

He later pointed out that after negotiating with “stakeholders all day”, he concluded that cryptocurrency is the most likely sector for Turkey to produce unicorn companies over $ 1 billion. He added that the announcement showed that the ruling party “does not tolerate youth.”

In addition to being useful as a political topic of conversation, the ban will have a significant impact on many Turks. A survey from 2019 showed that Turkey was one of the leaders in the adoption of cryptocurrency (although this study has been thoroughly researched). It has a stable currency linked to the lira, which is listed on several exchanges, and the local exchange BtcTurk even sponsors football clubs.

However, the writing on the wall could have been linked to the Turkish cryptocurrency. In an attempt to control the country’s payment infrastructure, Turkey banned PayPal in 2016. Similarly, plans were made in 2020 to introduce a state digital currency, arguably the most damaging to Turkey’s rulers, when BTC hit a full-time high against the lira. . … Earlier this year.

Source: CoinTelegraph

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