It's the second cryptocurrency in Turkey that's collapsing, after facing financial strains, according to a brief statement made on their website. Earlier this month, Turkey's central bank has moved into banning the use of digital assets for payments, while Turkish authorities have blocked Vebitcoin's bank accounts and detained four people.
Some Turks have switched to using cryptocurrencies to protect their savings from soaring inflation and the devaluation of their currency, the Turkish Lira. At the same time, the whole "Bitcoin is a bubble story" is on the rise again.
What are your thoughts about this incident, it's the second exchange so far that has shut down, what if other countries follow such measures too?
Source: https://www.cnbc.com/2021/04/26/turkish-bitcoin-exchange-vebitcoin-collapses-amid-crypto-crackdown.html
Topic: Collapse of cryptocoin exchange in Turkey | VeBitcoin - page 2. (Read 256 times)
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