Prohibition of making crypto shopping with money in Turkey, has caused the devaluation of money in the crypto world, especially Bitcoin.
In the regulation prepared by the CBRT, the first legal definition of crypto assets was made, and the direct or indirect payment of crypto assets was banned as of April 30.
With the regulation, the purchase or sale of cryptocurrencies was not prohibited. Crypto coins are bought and sold on private exchanges operated by private companies.
With the regulation, companies that provide payment services and are classified as electronic money institutions were also prevented from intermediating money transfer to the stock exchanges where cryptocurrencies are traded. Payment service organizations have been banned from developing business models based on crypto assets.
