Turkish Central Bank Bans Using Crypto-assets in Payments

Source: FinTech Istanbul

Turkish Central Bank’s (“TCB”) regulation on “not using crypto-assets” in payments (“Regulation”) was promulgated in today’s official gazette and shall enter into force on 30th April 2021.

Regulation is comprised of 6 Articles. Articles 1, 2, 5, 6 regulate typical issues of purpose and scope, grounds, effective date on which the Regulation shall enter into force…