Turkish cryptocurrency exchanges collapse amid crackdown
Since last Wednesday, three Turkish cryptocurrency exchanges have suspended operations in the country after the central bank announced restrictions on the use of cryptocurrencies, triggering a run on the exchanges. A number of Turks had turned to cryptocurrencies as a way to protect their savings from skyrocketing inflation and the weakening of the Turkish lira. Dr. Aykan Erdemir, the senior director of the Turkey program at the Foundation for Defense of Democracies and a former Turkish lawmaker, joins The Greek Current to analyze these latest developments.
Read Aykan Erdemir’s latest policy briefing for the FDD here: Ankara’s Crackdown Triggers Run on Turkish Cryptocurrency Exchanges
Read his piece in Foreign Policy:
Erdogan’s Power Plays Turn to Profit Margins
You can read the articles we discuss on our podcast here:
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