(MENAFN)The Turkish Central Bank will forbid the expenditure of crypto assets in payments as they involve important dangers for the parties to the deals.
The Official Gazette stated on Friday, April 16, that payment and electronic money organizations will not be able to arbitrate platforms that provide trading, custody, transfer, or issuance services for crypto assets as well mediating finance transfers from them.
The guideline will come into force as of April 30, it added.
Unconnectedly, the bank advised of the dangers of crypto assets such as not being subject to any rule or supervision mechanisms or a central rigid authority, very volatilely, and possibly being used in unlawful actions because of their unidentified structures.
MENAFN17042021000045011134ID1101932266
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.