Bitcoin adaption in Turkey - page 4.

sheenshane

legendary

Activity: 2366

Merit: 1206

Quote from: UmerIdrees on November 12, 2023, 04:57:03 AM

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

That's because every country has different jurisdictions towards crypto, if your country isn't yet embracing crypto yet, it might one day they will realize how useful it is. It could be one reason is political stability and the level of public trust in government institutions can possibly the reason for cryptocurrency regulation.

You're lucky if your country accepts crypto as a legal tender the same in my country, so I think migration isn't a solution here. You can still own your Bitcoin since its decentralized nature. Though the process of trading might be difficult because you're using DEX's but it's fine if you know how to manage it.

Based on Coin ATM Radar, total number of Bitcoin ATMs / Tellers in Turkey: 22 which is not bad.

UmerIdrees

hero member

Activity: 2226

Merit: 834

Quote from: Apocollapse on November 12, 2023, 05:51:44 AM

Quote from: UmerIdrees on November 12, 2023, 04:57:03 AM

it shows that bitcoin is widely accepted in Turkey.

It doesn't really widely accepted in Turkey, this user was saying this.

Quote from: EFS on August 20, 2023, 03:52:35 PM

No, it's illegal to use Bitcoin in selling goods and services. Any of the shop that say they accept crypto payments is breaking the law.
Bitcoin trades are not illegal. You can buy and sell crypto currencies in both online and physical exchanges.

I do not live in Turkey so could not know the ground reality but this vlog and this post by EFS are contradicting ones. If somehow we believe that governments does not favor the bitcoin adoption and it is illegal to use bitcoin in Turkey, then how come these bitcoin and crypto exchangers are able to open up public exchangers?

If in my country anyone cannot even think of opening such a physical Bitcoin exchange, and if they do, the government will not only seize them, but also they will get hold of all the funds and the people running this business will have to face legal consequences.
Prior to 2018, we had our first and only bitcoin P2P online exchange named Urdubit (https://twitter.com/urdubit?lang=en) but it was also closed because of the crackdown of the government against cryptocurrencies.

FatFork

legendary

Activity: 1596

Merit: 2588

Top Crypto Casino

You can find physical stores and currency exchanges all over Europe, the US, and parts of Asia where you can just walk up to the counter and buy or sell bitcoin. There's actual staff at the storefront in these locations, not just an ATM machine and I've seen them in busy areas of most major cities in Europe and America. The ones I've visited tend to be grubby little shops down side streets though in some places they're getting more mainstream.

Quote from: UmerIdrees on November 12, 2023, 04:57:03 AM

Sometimes I think we need to migrate to a crypto friendly country.

Instead of just picking up and migrating to a new country, why not try to make some changes at home first? Get involved with the local government or community groups and see if you can help create a better environment for crypto. I'm not saying it'll be easy or happen overnight. And maybe you can't do it alone, but by joining together with others who want the same things, you'd be surprised what can happen. At least give it a shot before you go packing your bags.

AprilioMP

sr. member

Activity: 322

Merit: 306

Forum Only For Fun

Quote from: UmerIdrees on November 12, 2023, 04:57:03 AM

Recently I found a vlog from Turkey where we can see that there are places in Turkey where people can exchange bitcoin and crypto from the shops. just like we can exchange foreign currency with the exchangers. people in Turkey can exchange these from physical shops and it shows that bitcoin is widely accepted in Turkey.

Of course it is a beautiful sight to see the activities of people using Bitcoin and certain cryptocurrencies in transactions in every corner of the city as in the picture.
Turkiye has not fully accepted Bitcoin because it is still struggling with regulations there. According to information from coindesk, the government is still on the gray list and is still planning to bring the law to parliament.[1]

[1] https://www.coindesk.com/policy/2023/11/01/turkey-in-final-stage-of-bringing-crypto-legislation-as-last-step-to-get-off-fatfs-grey-list-minister/

Quote from: UmerIdrees on November 12, 2023, 04:57:03 AM

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

For me it doesn't hurt that much when I can't transact Bitcoin freely in countries that legalize Bitcoin as payment. What makes me sick is perhaps when I am in a country that strictly prohibits all activities related to Bitcoin and can even be subject to sanctions.
I can still secretly do Bitcoin activities as long as I can access the internet.

Apocollapse

hero member

Activity: 966

Merit: 755

Quote from: UmerIdrees on November 12, 2023, 04:57:03 AM

it shows that bitcoin is widely accepted in Turkey.

It doesn't really widely accepted in Turkey, this user was saying this.

Quote from: EFS on August 20, 2023, 03:52:35 PM

No, it's illegal to use Bitcoin in selling goods and services. Any of the shop that say they accept crypto payments is breaking the law.
Bitcoin trades are not illegal. You can buy and sell crypto currencies in both online and physical exchanges.

Turkey is friendly with Bitcoin, they accept it, they even allow exchange to build their own physical store, but they just not accept Bitcoin as a currency.

Migrating to friendly country with Bitcoin isn't easy, if you're not a miner or only migrate because of "Bitcoin" alone, I don't think it's worth.

UmerIdrees

hero member

Activity: 2226

Merit: 834

Recently I found a vlog from Turkey where we can see that there are places in Turkey where people can exchange bitcoin and crypto from the shops. just like we can exchange foreign currency with the exchangers. people in Turkey can exchange these from physical shops and it shows that bitcoin is widely accepted in Turkey.

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

Selling Bitcoin for CASH in Grand Bazar Turkey - 🇹🇷 Bitcoin Shops in Istanbul

Topic: Bitcoin adaption in Turkey - page 4. (Read 439 times)