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ARTICLE · 18 SEPTEMBER 2023

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Legal Aspects Of Cryptocurrency In Turkey

PALDIMOGLU Law Firm
PALDIMOGLU Law Firm
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PALDIMOGLU Law Firm

PALDIMOGLU Law Firm

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If a time traveler were to tell Laszlo Hanyecz that he would be paying $550 million for 2 pizzas with the exchange rate of April 20, 2021, he would probably laugh it off.

TurkeyTechnology
Meriç Paldimoglu
Meriç Paldimoglu
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Almost everyone has heard of cryptocurrencies and the "one coin to rule them all," i.e. Bitcoin. So much so that every day we see news related to this topic, overhear people's conversations about it outside, or hear that it's being accepted as a means of payment. However, it hasn't always been this way. Initially, Bitcoin was attributed to the dark side of the internet, the deep web, and illegal trade conducted there. But nowadays, it has become one of the most popular payment and investment methods, gaining recognition, definition, and regulation from governments. In this article, we will first provide a definition of cryptocurrency, then discuss its purposes of use, evaluate its position in the world and Turkey, examine the cryptocurrency law in Turkey, and finally, delve into the future of cryptocurrencies.

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