Law firm to challenge Turkey’s ban on crypto payments

Urgent Crypto Challenge: Turkish Law Firm Battles Payment Ban for Digital Currency Future

In the ever-evolving world of cryptocurrencies, regulations often play a crucial role in shaping the landscape. Turkey, a nation with a growing interest in digital assets, introduced a significant hurdle back in 2021 – a ban on cryptocurrency payments. But now, a beacon of hope for crypto enthusiasts and businesses in Turkey has emerged in the form of GlobalB, a prominent Turkish law firm. They are stepping into the legal arena to challenge this…

Law Firm Takes Legal Action Against Turkey's Ban on Crypto Payments: A Fight for Digital Finance Rights - Market-News24

GlobalB, a Turkish law firm, is challenging Turkey’s ban on cryptocurrency payments in a hearing set for May 28. While citizens can buy and trade crypto, using it for payments has been illegal since 2021. GlobalB’s founding partner, Sima Baktaş, believes allowing crypto payments could boost financial innovation and attract international investment. Despite the ban, ...

Law firm to challenge Turkey’s ban on crypto payments

A positive ruling could pave the way for new business models in Turkey, particularly for crypto exchanges seeking licenses.