Turkish Law Firm Files Administrative Lawsuit Against 'Ban on Cryptocurrency Payments'

Source
JH Kim

Summary

  • GlobalB has filed an administrative lawsuit against the Turkish government's ban on cryptocurrency payments.
  • The measure allows Turkish citizens to buy, hold, and sell cryptocurrencies, but they cannot use them for payment purposes.
  • GlobalB explained that they plan to use a strategy in court that emphasizes the economic effects of allowing cryptocurrency payments.

According to cryptocurrency specialized media Cointelegraph on the 5th (local time), Turkish law firm GlobalB has filed an administrative lawsuit against the government's ban on cryptocurrency payments.

Turkish citizens can buy, hold, and sell cryptocurrencies, but they cannot use them for payments. GlobalB explained that they plan to employ a strategy in court that emphasizes the economic effects of allowing cryptocurrency payments.

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JH Kim

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