18 days ago • Posted by Charles-Henry Monchau

Turkey bans cryptocurrency payments, says risks are too big

More Turkish investors moved into cryptocurrencies, along with equities, as they cashed out of some of their foreign-exchange holdings after the unexpected removal of central bank governor Naci Agbal triggered a drop in the lira, Dunya newspaper reported on April 5. Trading volume in cryptocurrencies almost tripled to $2.8 billion between March 20-24, from about $1 billion in the same period last year, the newspaper reported, citing Chainanalysis data.

Source: Holger Z, Bloomberg 

Bitcoin in Turkish Lira