“It is believed that their use in payments may cause irreversible losses to the parties to the transactions due to the above factors and include elements that may undermine confidence in the methods and instruments currently used in payments,” the statement said. The Bank also pointed out that these assets, among other security risks, are not subject to any regulatory and control mechanisms or to the central regulatory authority.
In the new regulations, therefore, the Turkish central bank banned the use of cryptocurrencies and other cryptocurrencies for purchases of goods and services. Last week, Turkish authorities asked trading platforms to provide information about users, Reuters reported.
The most famous cryptocurrency bitcoin this week rose to a record more than 63,000 USD (1.4 million CZK). Since the beginning of the year, the value of bitcoin has more than doubled.
Cryptocurrencies are being criticized and controlled by regulators around the world, and there is increasing talk that governments around the world could take action against their use. A number of prominent figures, including US Secretary of the Treasury Janet Yellen and the head of the European Central Bank (ECB) Christine Lagarde, have already expressed concern about the use of cryptocurrencies for money laundering, terrorist financing and other illegal activities.
Reuters last month, citing its sources, said India was preparing a law banning cryptocurrencies. If someone traded in cryptocurrencies in the country or owned such digital property, they would be fined by law. China has already banned mining and trading in cryptocurrencies from major economies. But Beijing is not punishing possession of cryptocurrencies.