The Turkish government plans to create a central bank for cryptocurrency custody after two prominent exchanges locked customers out last week.
According to a report from Bloomberg today, authorities may also require exchanges to keep a certain amount of cash on hand and introduce credential requirements for exchange executives. The moves are aimed at limiting the risks to Turkish cryptocurrency investors when exchanges can’t meet their obligations.
Billion-Dollar Rug Pull? Turkish Bitcoin Exchange Goes Dark
Last week, Bitcoin exchange Thodex suddenly stopped trading and prevented customers from making withdrawals. Many suspected fraud at the exchange, but CEO Fatih Faruk Özer claimed it was due to cyberattacks. The government isn’t so sure. It detained company staff, seized computers, froze bank accounts, and set in motion the CEO’s extradition from Albania—where he had traveled to as the exchange went dark.
Not long after, rival exchange Vebitcoin also stopped trading and l
Źródło: https://decrypt.co/69272/turkey-regulate-bitcoin-exchanges-fiascos-report
