Turkey's central bank disallowed payments with cryptocurrencies and crypto assets saying they include transfer risks and can cause irrecoverable damage.
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Media of the country reported that the central bank's instructions placed at the “Regulation on the Disuse of Crypto Assets in Payments” paper refer to, directly and indirectly, pays for products and utilities. The rule will come into force on April 30. It doesn't concern crypto trading.
During the previous months, when the BTC price saw an increase, investors from Turkey take an active part in crypto operations. They consider crypto as a hedge against the lira, which is seeing inflation.
This week Royal Motors, the distributor of Rolls-Royce and Lotus vehicles in Turkey, became the first company in the country to accept crypto pays. After the news went public, Bitcoin and several altcoins saw a price decline. Now BTC trades at around $60.860.
Turkish opposition criticized the move and also the decision to fire the county's central bank governor in March.