The move by El Salvador in September to make bitcoin a legal tender also made an impression.But pressure has come from China’s crackdown on the trading and mining of cryptocurrencies, while the risk of wider regulatory action, from the likes of Europe and the United States, weighs on bitcoin.According to the specialised site CoinGecko, the cryptocurrency sector has a market value totalling $2.36 trillion, with bitcoin worth a combined $900 billion.The Turkish Parliament will soon start debating a draft law that aims to regulate cryptocurrency markets.
More than 5 million people in Turkey have cryptocurrency platform accounts.
Binance Turkey said that it “openly” communicates and cooperates with regulatory and supervisory authorities, and it strives to “create a sustainable, healthy and safe ecosystem.”The Central Bank’s ban on using cryptocurrencies for making payments, which was introduced in response to claims that such transactions are too risky, took effect on April 30.On May 4, MASAK released a guide for crypto asset service providers.
North Korean leader Kim Jong Un vowed to further bolster his military capability, maintain draconian anti-virus measures and push hard to improve the economy during a speech at a key political conference this week, state media reported on Jan.