Turkey U-turn on cryptocurrency? – Katoch Tubes

Turkey & Crypto

Turkey & Crypto

What's in the news?

Turkey was against using cryptocurrency  & related services but recent development indicate a change of mind among the governing bodies

The Falling Lira

Turkey inflation is forecasted to hit 80%. The currency is failing. The govt. has no choice but to look for alternatives. Also read-

Turkey Binance Talks

The Turkish Finance Minister virtually called Binance CEO to discuss blockchain ecosystem  & crypto assets, speculating a move towards adoption

Personnel Involved

The discussion was between Turkey FM Dr. Nureddin NEBATİ & Binance founder Changpeng Zhao. Also check -

The U-turn for good

In the previous year, Turkey charged Binance with $750K fine for breaking the rules and banned crypto. This year Turkey initiated the talks with Binance again

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