After Turkish President Recep Tayyip Erdoğan declared a “war” on crypto, one of the largest exchanges in Turkey, Coinzo, will soon shut down.
Coinzo, one of the largest crypto exchanges in Turkey. Based on daily trading volume, following Thordex and Vebitcoin, the shutdown announcement was published on Monday, October 11, 2021 without any reason, and users will be allowed to log in to Coinzo’s website for the next six months. A page to withdraw “Turkish lira” and cryptocurrencies.
The shutdown of Turkish exchanges comes amid a lack of clarity in the government’s view on cryptocurrencies and related regulatory challenges. In April of this year The central bank has announced a ban on cryptocurrency payments. and in July The deputy finance minister suggested that countries that ban cryptocurrencies are those with democratic problems.
Then, in September 2021, the President of Turkey Recep Tayyip Erdoğan announced that Turkey “At War” on Cryptocurrencies
Turkish exchange Coinzo to shut down after President’s ‘declaration of war’ on Crypto appeared first on Bitcoin Addict.