Just days after the Turkish central bank announced a ban on cryptocurrency payments, users of a prominent crypto exchange in the country faced a catastrophic loss. As per a recent report, the users of the Turkish cryptocurrency exchange, Thodex had trouble withdrawing their investments. While the exchange hoards about 400,000 users, investments of about hundreds […]
Turkey
Turkey’s Opposition Leader Calls Out Government’s Untimely Crypto Ban
Just when countries across the globe were embracing Bitcoin and other cryptocurrencies, the Turkish government did not appear to be interested in capitalizing on the ongoing surge in the value of the crypto market, as it went on to ban crypto assets in the country. The Central Bank of the Republic of Turkey announced yesterday that […]
Turkish Central Bank To Impose Ban On Cryptocurrency Payments
Several countries have begun to embrace the cryptocurrency industry as its popularity and value have grown. The Turkish government, on the other hand, appears to be heading in a different direction. The crypto industry is currently valued at a high of $2.22 trillion. These numbers have lured a number of investors from all across the […]
Turkey Urges Local Regulators To Probe The Crypto Market
The increased demand for cryptocurrencies has compelled Turkey’s government to look into the prospects of the industry. The overall market cap of the cryptocurrency is currently beyond $1 trillion. Bitcoin slumped down to a low $5K during this time last year. Presently, BTC is trading for a whopping $52,239 while its market cap is on […]