The United Kingdom works on the development of its digital currency. From next April 30 it will be forbidden to make payments and purchases and sales with cryptocurrencies in Turkey.
‘Britcoin’ might be on the way
As of April 30, all types of direct or indirect payments with cryptocurrencies will be prohibited in Turkey. The prohibition comes after the Central Bank of Turkey determined that virtual currencies represent significant risks in their use as a payment method as they are not subject to any type of regulatory mechanism or supervised by a central body, in addition to being considered to be excessively volatile.
The Central Bank of Turkey also warns of the high probability of using cryptocurrencies for actions that escape legality, thanks to the anonymity inherent in this type of virtual currencies. In terms of security, the Turkish entity also points out the ease with which they can be stolen or transactions can be authorized without the consent of the holders, being irreversible operations, again due to the intrinsic anonymous and decentralized nature of cryptocurrencies.
Thus, as of April 30 in Turkey, the use of cryptocurrencies to make payments both directly and indirectly will be prohibited, including the provision of professional services for direct or indirect use of virtual currencies. And finally, the payment and electronic money management institutions themselves will not be able to intervene as mediators with platforms that offer any type of service related to these digital assets.
