Blog: Turkey crafting broader crypto regulations, cenbank head says – Yahoo Finance

FILE PHOTO: Representations of the Ripple, bitcoin, etherum and Litecoin virtual currencies are seen on motherboard in this illustration picture

ANKARA (Reuters) – Turkey’s Finance Ministry is working on wider regulations regarding cryptocurrencies, Central Bank Governor Sahap Kavcioglu said on Friday, adding the bank does not intend to ban them.

In an interview with Turkish broadcasters, Kavcioglu said some details would be ready in two weeks.

The central bank last week banned the use of crypto assets in payments citing significant risks due to volatile market values.

(Reporting by Daren Butler and Ali Kucukgocmen; Editing by Jonathan Spicer)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s