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Is Turkey's First Regulation On Crypto-Assets Just A Beginning? - Technology


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Although it remains unclear whether cryptocurrencies will
replace traditional money in the near future or ever, they have
become a global phenomenon lately. Likewise, the economic
turbulence in Turkey has led to a surge in swapping the local
currency for cryptocurrencies despite their price volatility.
According to a recent survey, Turkey has the fourth-highest rate of
cryptocurrency use out of 74 countries
Background of Recent Developments
With the more and more growing popularity of the crypto market
in Turkey, the government s concerns about using
cryptocurrencies for illegitimate activities such as money ....

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