The collapse of two major crypto exchanges in Turkey has accelerated the demand for cryptocurrency regulations in the country. In an alleged exit scam, two major Turkish crypto exchanges – Thodex and Vebitcoin – are currently under investigation by Turkish authorities.
Officials familiar with the matter told Bloomberg that following the collapse of these two exchanges, the government is looking ahead to forming a central banking custodian to eliminate any counterparty risks.
Within a week of the Turkish central bank banning the use of crypto payments, troubles started brewing at the two exchanges with massive withdrawals and trading activities at these two exchanges. Thus, the exchanges started facing troubles with their financial operations with Vebitcoin also announcing to cease all of its activities very soon.
As per the Bloomberg report, authorities are now looking to establish a capital threshold for exchanges along with other educational requirements for the executives at suc
Źródło: https://coingape.com/turkey-accelerates-work-crypto-regulations-two-major-exchange-collapses-week/
