Turkey probes second crypto exchange as market implodes

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Turkey on Saturday detained the chief of one of the country's biggest cryptocurrency firms after launching a manhunt for the founder of another ...

ISTANBUL: Turkey on Saturday detained the chief of one of the country's biggest cryptocurrency firms after launching a manhunt for the founder of another exchange who fled to Albania.

Local news reports said police detained Vebitcoin chief executive Ilker Bas and three other company employees on Saturday as part of a broader fraud probe. But Erdogan's government is preparing to tighten regulations after deciding to ban cryptos from being used for purchases of goods and services starting on April 30."Wallets can be stolen or used unlawfully without the authorisation of their holders," the central bank said.

 

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Market implodes!! WHAT

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