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Turkiye: Implemented ban on crypto assets

Policy overview

Description

Implemented ban on crypto assets

On 30 April 2021, the Turkish Central Bank implemented the ban on the use of crypto assets contained in the “Regulation on the Disuse of Crypto Assets in Payments”.

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank

Complete timeline of this policy change

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2021-04-16
adopted

On 16 April 2021, the Turkish Central Bank announced a ban for the use of crypto assets as a means …

2021-04-30
in force

On 30 April 2021, the Turkish Central Bank implemented the ban on the use of crypto assets containe…

Key regulatory dimensions

Regulated subjects

The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type Private organisation
Economic activity cross-cutting
Category All

Policy change by business practice

The detailed activities within the scope of this policy or regulatory change.
cryptoasset: currency: distribution (any form)

Policy change by business practice

The detailed activities within the scope of this policy or regulatory change.

cryptoasset: currency: distribution (any form)