Turkiye: Announcement of ban on crypto assets
Description
Announcement of ban on crypto assets
On 16 April 2021, the Turkish Central Bank announced a ban for the use of crypto assets as a means of payment citingy the lack of regulatory supervision as one of several rationale for the decision.
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