Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[sh199]

Recently Turkey Govt. bans all kinds of crypto payments made directly or indirectly. Turkey's central bank published a notice today that showing this new rule. They said these crypto assets are not under any kind of mechanism or regulation.
Although crypto had a great marketplace in Turkey in the Middle East. Many investors and traders are likely to exchange in their own Turkey-based exchange platform.
What do you think about this news? Does it will impact the crypto market.

 

[Wisdom01]

This is really bad , many people are willing to trade, instead of them to capitalise on the importance of crypto currency they are taking the wrong steps

 

[highspeed]

Recently Turkey Govt. bans all kinds of crypto payments made directly or indirectly. Turkey's central bank published a notice today that showing this new rule. They said these crypto assets are not under any kind of mechanism or regulation.
Although crypto had a great marketplace in Turkey in the Middle East. Many investors and traders are likely to exchange in their own Turkey-based exchange platform.
What do you think about this news? Does it will impact the crypto market.

In my opinion, unfortunately this will have a negative impact on every cryptocurrency. Strange, anyway, that Turkey ban the digital currency which, right now, seems to represent the future of business.

 

[aryan4]

Yes I read this news too. When a product is purchased, it is forbidden to pay in Bitcoin only. There are no restrictions on trading coins on exchanges. I guess it is not a situation that will affect investors much. The option to pay with Bitcoin in Turkey are already not very used method.

 

[Wisdom01]

In my opinion, unfortunately this will have a negative impact on every cryptocurrency. Strange, anyway, that Turkey ban the digital currency which, right now, seems to represent the future of business.

It won't even have negative impact on crypto currency ,because when my country banned crypto ,the crypto market was still thriving hard i think

 

[Josemendez]

Recently Turkey Govt. bans all kinds of crypto payments made directly or indirectly. Turkey's central bank published a notice today that showing this new rule. They said these crypto assets are not under any kind of mechanism or regulation.
Although crypto had a great marketplace in Turkey in the Middle East. Many investors and traders are likely to exchange in their own Turkey-based exchange platform.
What do you think about this news? Does it will impact the crypto market.

What I read seems to be different from what you are saying . The news said that using bitcoin as payment medium for commercial purposes was what was banned

 

[Fayiz]

It is bad news for crypto lovers in Turkey. Early crypto is banned in my country India also but later they
Removed crypto ban
Hope Turkey will remove their ban in crypto later

 

[sh199]

What I read seems to be different from what you are saying . The news said that using bitcoin as payment medium for commercial purposes was what was banned

No, mate. As far I know, they banned bitcoin only as a payment processor because the Govt. can monitor those transactions. Source:

https://decrypt.co/66732/bitcoin-dips-as-turkey-bans-crypto-payments

 

[SCAMEXPOSER]

Most of the central Banks site inability to trace and track the activities of cryptocurrencies yet it is growing so fast, they should rather see how best they can regulate it instead of Ban , $2 trillion market is not a joke.

 

[sh199]

Yes I read this news too. When a product is purchased, it is forbidden to pay in Bitcoin only. There are no restrictions on trading coins on exchanges. I guess it is not a situation that will affect investors much. The option to pay with Bitcoin in Turkey are already not very used method.

Yeah, mate. You are right. They give that restriction only for buying or selling products and use bitcoin as a payment processor. Hopes, the Govt. will revision the restriction again.

 

[Wisdom01]

Most of the central Banks site inability to trace and track the activities of cryptocurrencies yet it is growing so fast, they should rather see how best they can regulate it instead of Ban , $2 trillion market is not a joke.

Its their inability to make more revenue ,since a lot of people are now investing in crypto currency to upgrade their cash ,and the banks sees it as a threat and feel like crypto would soon take over their existence

 

[highspeed]

It won't even have negative impact on crypto currency ,because when my country banned crypto ,the crypto market was still thriving hard i think

I see. I'm sorry can I ask you what is your country and in what period did this happen?
You see the historical soaring of Bitcoin has started more than a year ago.
Thank you.

 

[SCAMEXPOSER]

I see. I'm sorry can I ask you what is your country and in what period did this happen?
You see the historical soaring of Bitcoin has started more than a year ago.
Thank you.

From his statement he is my country man Nigerlan, it is true when the CBN ban Crypto Currencies the market was not disturb, infact the trading volume via P2P increased.

 

[Wisdom01]

I see. I'm sorry can I ask you what is your country and in what period did this happen?
You see the historical soaring of Bitcoin has started more than a year ago.
Thank you.

Am from Nigeria , and the historical record of bitcoin was still broken ,despite the ban on crypto currecies to show that the effect wasn't much

 

[highspeed]

@De-rector
@Wisdom01
Ok I see, So in your opinion, although Turkey has banned the use of crypto, these will not suffer a negative repercussion, because this has already happened Nigeria, if I understand correctly.
Thank you for the informations.

 

[SCAMEXPOSER]

@De-rector
@Wisdom01
Ok I see, So in your opinion, although Turkey has banned the use of crypto, these will not suffer a negative repercussion, because this has already happened Nigeria, if I understand correctly.
Thank you for the informations.

Guess you are from Turkey right , the country Crypto currencies activities is not as high as that of Nigerla so it won't have any negative impact, the citizens might opt for P2P.

 

[Wisdom01]

@De-rector
@Wisdom01
Ok I see, So in your opinion, although Turkey has banned the use of crypto, these will not suffer a negative repercussion, because this has already happened Nigeria, if I understand correctly.
Thank you for the informations.

Incase your country decided to ban crypto trading , there are other alternative like p2p ,you could make use of to earn more from crypto currency and bypass the ban

 

[wilsnico]

In my opinion, unfortunately this will have a negative impact on every cryptocurrency. Strange, anyway, that Turkey ban the digital currency which, right now, seems to represent the future of business.

The technology blockchain is the future for some, if it was the future for all, it would have been implemented and regulated for a long time.
At present, I only see some eccentric rich businessmen and many poor losers who are happy to earn 50 euros a month.
So it's normal governments ban it because they make their money with those poor losers who are satisfied winning 50 euros a month.

 

[wilsnico]

Most of the central Banks site inability to trace and track the activities of cryptocurrencies yet it is growing so fast, they should rather see how best they can regulate it instead of Ban , $2 trillion market is not a joke.

2T$ worldwide = pocket money !
Then there is the question: how many of those 2T have a real non virtual value ?
For example, I still have crypto kity's that are in my possession from the beginning when the game started and they have absolutely no value because no one wants them.

 

[highspeed]

Guess you are from Turkey right , the country Crypto currencies activities is not as high as that of Nigerla so it won't have any negative impact, the citizens might opt for P2P.

No my friend. As you can see from my flag, I am from Italy. In my country, however, we still speak little about cryptocurrencies.