Turkey’s Cryptocurrency Pain Grows With Second Exchange Collapse

https://www.bloomberg.com/news/articles/2021-04-24/turkey-s-cryptocurrency-pain-grows-with-second-exchange-collapse

"#Vebitcoin is #Turkey’s fourth biggest #exchange with close to $60 million in daily volumes."

"Turkey’s Central #Bank has banned #cryptocurrencies as a form of payment from April 30."

"There are disturbing money outflows to outside of Turkey via cryptocurrencies.”

#Bitcoin  #Turkish #Turks #Thodex #CapitalControls #CapitalFlight #ExchangeControls #CurrencyControls #CentralBank #BitcoinExchange

Turkey’s Cryptocurrency Pain Grows With Second Exchange Collapse

Turkey’s cryptocurrency investors were dealt another blow after a second big exchange collapsed in as many days, prompting the country’s financial crimes watchdog to open a probe.