Türkiye restricts the use of cryptocurrencies and adds crypto platforms to terror financing watchdog

According to BlockBeats, the Central Bank of Turkey recently banned the use of cryptocurrencies and crypto assets to pay for goods and services, citing the possibility of "irrevocable" damage and significant transaction risks. At the same time, Turkish President Erdogan issued an executive order on May 1, listing cryptocurrency trading platforms on the list of companies subject to terrorist financing and money laundering supervision. Turkish authorities launched a fraud investigation into two cryptocurrency exchanges, Thodex and Vebitcoin, last month. The investigation into Thodex initially led to the arrest of 83 people. On April 30, six suspects involved in the Thodex investigation were sentenced to prison, including the CEO's siblings.