{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PT-PT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Strict+regulations%3A+Turkey+puts+a+ban+on+cryptocurrency&text=The+Ministry+of+Finance+in+Turkey+has+placed+a+blanket+ban+on+cryptocurrency%2C+putting+a+stop+to+crypto+transactions+in+two+weeks.&text=The+Turkish+government+has+put+a+ban+on+%3Ca+title%3D%22Is+Crypto+Trader+A+Scam%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3Ecryptocurrencies%3C%2Fa%3E+in+the+country%3B+making+it+illegal+for+digital+currency+holders+to+use+their+crypto+for+payments.+Not+only+does+the+regulation+limit+the+use+of+cryptocurrency%2C+but+it+also+bans+payments+service+providers+from+offering+fiat+exchanges+for+cryptocurrency+exchanges+in+the+country.%0A%3Ch2%3EThe+Central+Bank+of+Turkey%27s+crypto+ban%3C%2Fh2%3E%0AAccording+to+the+%3Ca+href%3D%22https%3A%2F%2Fwww.resmigazete.gov.tr%2Feskiler%2F2021%2F04%2F20210416-4.htm%22%3Eannouncement%3C%2Fa%3E+made+at+the+end+of+the+week%2C+the+ban+will+kick+off+the+strict+regulations+on+April+30th%2C+at+which+time+any+and+all+cryptocurrency+payments+platforms+and+partnerships+in+the+country+will+be+made+illegal.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAccording+to+the+bank%2C+there+will+be+a+ban+on%C2%A0%E2%80%9C%3Cem%3Eany+direct+or+indirect+usage+of+crypto+assets+in+payment+services+and+electronic+money+issuance%3C%2Fem%3E%E2%80%9D.+The+announcement+outlined%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%22%3Cem%3ECrypto+assets+cannot+be+used+directly+or+indirectly+for+payments...+No+service+can+be+provided+for+direct+or+indirect+use+of+crypto+assets+in+payments...+Payment+service+providers+cannot+develop+business+models+in+a+way+that+crypto+assets+are+used+directly+or+indirectly+in+the+provision+of+payment+services+and+electronic+money+issuance%2C+and+cannot+provide+any+services+related+to+such+business+models.%3C%2Fem%3E%22%0A%3Ch2%3EBanks+excluded+from+the+ban%3C%2Fh2%3E%0AThe+announcement+made+an+exception+to+banks%2C+which+are+excluded+from+the+regulation.+This+means+that+investors+can+deposit+their+fiat+currencies+%28the+Turkish+Lira%29+on+cryptocurrency+exchanges+through+wired+transactions+from+their+bank%2C+but+the+platform+and+exchanges+will+not+be+able+to+offer+returns+or+deposits+and+withdrawal+services.+As+it+stands%2C+there+is+a+wide+case+of+payments+platforms+and+digital+wallets+in+use+in+Turkey+which+transacts+crypto+to+fiat+and+fiat+to+crypto.+This+ban+means+that+this+will+be+shut+down%2C+and+gives+users+two+weeks+to+resolve+their+cryptocurrency+holdings.+This+ban+has+been+in+talks+for+some+months+now%2C+and+last+month+the+Ministry+of+Finance+in+the+country+noted+that+it+would+be+putting+regulations+in+place+to+monitor+crypto+use.","timeout":15}