The Governor of the Central Bank of Turkey, Şahap Kavacıoğlu, indicated that said institution does not consider applying any prohibition against cryptocurrencies.

The plan for the coming weeks consists on applying a series of rules that will seek to regulate digital assets within the region.

Kavacıoğlu assured that “nothing can be fixed by banning cryptocurrencies and we have no intention of doing so.”

It should be noted that the statements of the governor of the country’s central bank come just a week before the ban on using cryptocurrencies for payments takes effect in Turkey.

Meanwhile, Thodex and Vebitcoin, two cryptocurrency exchanges operating in the country, have recently been known to cease operations without prior notice, resulting in their users losing access to their funds.

K. Tovar

Source: iHodl

La entrada Turkey will not ban the use of cryptocurrencies apareció primero en Bitfinance.

Due to the fall of the Turkish currency, searches for bitcoin and cryptocurrencies in general in this country have reached all-time highs.

In recent days, a series of economic measures have been generated in the nation, such as the dismissal of the governor of the Central Bank of Turkey by the president.

As a consequence, the market reacted violently to the downside. The country’s currency fell as much as 14 %, dragging the world stock markets with it.

Faced with all this situation, and the bad prognosis that there is regarding the fall of the currency, its citizens have looked for alternatives to protect their assets in some way. Thus, bitcoin has been seen as a potential possibility for them.

They have risen to 544 %, putting interest above previous bullish seasons and reaching all-time highs.

K. Tovar

Source: Bitcoin.es

La entrada Turkish lira collapse fuels bitcoin purchase apareció primero en Bitfinance.