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crypto assets

Bitcoin tumbles after Turkey bans crypto payments citing risks
Markets

Bitcoin tumbles after Turkey bans crypto payments citing risks

  • The decision could stall Turkey's crypto market, which has gained momentum in recent months as investors joined the global rally in bitcoin, seeking to hedge against lira depreciation and inflation that topped 16% last month.
  • In a statement, the central bank said crypto assets were "neither subject to any regulation and supervision mechanisms nor a central regulatory authority", among other security risks.
Published 16 Apr, 2021 06:27pm