Usage Of Cryptocurrencies For Commercial Activities In Turkish Law

Cryptocurrencies, NFTs, and similar assets are now undeniable in today's world, boasting significant market value in international trade and finance. With crypto exchanges like Binance, Paribu, and various other e-commerce platforms & marketplaces, these cryptocurrencies have turned into a global income source. Türkiye (formerly Turkey), in particular, has seen a surge in cryptocurrency popularity. Since the COVID-19 pandemic, Turkish citizens' interest in cryptocurrencies and crypto assets has been growing daily. Facing hyperinflation, Türkiye has emerged as the second-largest nation worldwide in terms of the population investing in crypto assets.

Furthermore, anticipated economic instability in Türkiye suggests that cryptocurrencies may attract even more investments from Turkish citizens in the future. Their popularity and technical advantages underscore the importance of cryptocurrencies for commercial activities. However, Türkiye has banned their use in