{"id":228762,"date":"2021-04-16T21:17:19","date_gmt":"2021-04-16T18:17:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-caught-in-the-crossfire-as-turkish-opposition-leader-voices-support\/"},"modified":"2021-04-16T21:17:19","modified_gmt":"2021-04-16T18:17:19","slug":"bitcoin-caught-in-the-crossfire-as-turkish-opposition-leader-voices-support","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-caught-in-the-crossfire-as-turkish-opposition-leader-voices-support\/","title":{"rendered":"# Bitcoin caught in the crossfire as Turkish opposition leader voices support"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin caught in the crossfire as Turkish opposition leader voices support  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNWY5ZTMxOGEtNmZjNC00YWI4LTlkMjMtYjJlY2FhMTExOWM2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Shortly after a Friday morning \u201cdiktat\u201d from Turkey\u2019s freshly-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointed central bank governor that effectively banned any and all use of cryptocurrency in the country, Bitcoin now appears caught in a partisan dustup as a Turkish opposition party leader has voiced support for the digital currency.\u00a0<\/p>\n<p>As reported by Cointelegraph, Turkey\u2019s central bank announced this morning that, starting on April 30th, any cryptocurrency payments and fiat-to-crypto onramp transactions will be rendered illegal. Additionally, \u201cany direct or indirect usage of crypto assets in payment services and electronic money issuance\u201d will be prohibited. <\/p>\n<p>In a response to the drastic announcement, Turkish opposition party leader Kemal K\u0131l\u0131\u00e7daro\u011flu came out in support of Bitcoin and cryptocurrency <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of Tweets: <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"tr\" dir=\"ltr\">T\u00fcm g\u00fcn farkl\u0131 payda\u015flarla g\u00f6r\u00fc\u015ft\u00fcm. Blockchain ve kripto 1 milyar dolarl\u0131k (Unicorn) te\u015febb\u00fcslerimizin \u00e7\u0131kaca\u011f\u0131 yegane aland\u0131r. T\u00fcrkiye\u2019nin<br \/>finansal teknoloji giri\u015fimlerine darbe vurdular. Gen\u00e7lere tahamm\u00fclleri yok bunlar\u0131n. Yok yok yok! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/lKGwm9Tt7q\">https:\/\/t.co\/lKGwm9Tt7q<\/a><\/p>\n<p>\u2014 Kemal K\u0131l\u0131\u00e7daro\u011flu (@kilicdarogluk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/kilicdarogluk\/status\/1383051965316349953?ref_src=twsrc%5Etfw\">April 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u201cTo whom did you consult the crypto decision, O ruler?\u201d He asked, presumably referring to Turkish president Recep Tayyip Erdo\u011fan, who has been referred to as an authoritarian and a dictator. \u201cI will sit down and consult with all the stakeholders of this issue.\u201d<\/p>\n<p>He later noted that, after conversations with \u201cstakeholders all day,\u201d he came to the conclusion that crypto was the most likely sector for Turkey to produce \u201cunicorn\u201d companies worth over $1 billion. He added that the announcement demonstrates that the ruling party has \u201cno tolerance for young people.\u201d <\/p>\n<p>Beyond its utility as a political talking point, the ban will have a material impact for many Turks. A survey in 2019 found that Turkey is one of the leading countries for cryptocurrency adoption (though that study has come under heavy scrutiny), sports a Lira-pegged stablecoin listed on multiple exchanges, and a local exchange, BtcTurk, even sponsors football clubs. <\/p>\n<p>The writing may have been on the wall for crypto in Turkey, however. In an effort to gain control over the country\u2019s payments infrastructure, Turkey banned PayPal in 2016. Likewise, plans were underway in 2020 for a government-run digital currency, and perhaps most noxious for Turkey&#8217;s rulers, BTC hit all-time highs against the lira earlier this year. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Turkish money has lost 70% plus of Its value in the last 6 years. 16% per year right now.  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is Freedom<\/p>\n<p>\u2014 Dennis Parker (@Xentagz) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Xentagz\/status\/1383094806713360387?ref_src=twsrc%5Etfw\">April 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-caught-in-the-crossfire-as-turkish-opposition-leader-voices-support\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin caught in the crossfire as Turkish opposition leader voices support &#8221; Shortly after a Friday morning \u201cdiktat\u201d from Turkey\u2019s freshly-appointed central bank governor that effectively banned any and all use of cryptocurrency in the country, Bitcoin now appears caught in a partisan dustup as a Turkish opposition party leader has voiced support for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":228763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNWY5ZTMxOGEtNmZjNC00YWI4LTlkMjMtYjJlY2FhMTExOWM2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74858,76308,70934,75393],"class_list":["post-228762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-regulation","tag-ban","tag-regulation","tag-turkey"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/228762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=228762"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/228762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/228763"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=228762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=228762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=228762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}