Turkey is known for booming business and tech-oriented opportunities and landscape, but when it came to digital currency, especially Bitcoin, it got banned right away. Turkey’s newly appointed central bank governor has issued the statement that any type of cryptocurrency will be banned to use from now on. Bitcoin appears to be caught in the crossfire as the opposition party leader has supported Bitcoin and the use of other cryptocurrencies against the decision that has been made alive by the central bank’s governor.
The new resolution was to kick on 30th April. Each and every online transaction that involved payment through cryptocurrency and any conversion of fiat to cryptocurrency and its trading will be rendered illegal. Any and all use of cryptocurrency for the sake of making payments and commencing in any kind of deal whatsoever will be prohibited from the proposed date.
All of this can’t be subjected to something that was too sudden or depicting this like a rash decision made by the government; there are regions out there that don’t like having cryptocurrencies meddling in their financial affairs or people using them for the sake of making transactions and such. No one can force the other to like the idea of decentralization and seeing how it imparts a positive change on their financial future in the long run.
Bitcoin Support Intensifying on Twitter in Turkey
After the central bank governor’s statement about banning cryptocurrency went live, the opposition party leader Kemal Kılıçdaroğlu came out in extensive support of not only cryptocurrency but Bitcoin as well. He did send out a series of tweets, and the main idea of these tweets was that no one was asked or consulted in the execution of the crypto ban, and his tweets did refer to the Turkish president, who is seen as an authoritarian and a dictator as well. Another tweet mentioned that he will sit with the stakeholders and discuss the possible outcome of this or whether continuing with Bitcoin and crypto was the best move that can be made? Later on, it came to light that continuing with cryptocurrencies, especially Bitcoin, would have been the right step forward.