The number of requests to Google with the word "Bitcoin" has reached a record level. A new maximum has been set
The ban on cryptocurrency payments in Turkey was introduced to protect users of the cryptosphere. However, this only increased the interest of Turkish citizens to cryptocurrencies. The volume of searches in the Google search engine has increased, which can be seen on this graph.
Several countries have introduced a ban on the use of cryptocurrencies in 2021. In addition to Turkey, stricter regulatory policies in Nigeria and South Korea. However, as practice shows, the ban does not restrict the use of cryptocurrencies. Anyone who wants to list digital assets will always find a way.
The authorities will sooner or later understand this. Therefore, in some countries, the previous bans have been relaxed and even completely abolished. For example, in 2021, the Chinese Government admitted that Bitcoin and cryptocurrencies are the future.
Therefore, many are considering the likely lifting of the ban on crypto trading in this country. In many ways, the warming of the "climate" in China is caused by the active introduction of THE CBDC.
The authorities have conducted hundreds of studies over the past 1.5 years and have seen that cryptocurrencies are not as terrible for the economy as it is considered. Knowing the weaknesses and strengths of something makes it possible to develop the right tactics, rather than just introduce a ban.
Turkey has not yet reached such a decision. Undoubtedly, there are many scammers who damage the image of the cryptosphere. For example, the recent story of the theft of 2 billion by the head of the Thodex exchange.
They said he left Turkey after fleeing to Albania. However, later it became known that he went to a business meeting and soon returned back to Turkey.
That's because of these situations and imposed bans. This is a real shame for the cryptosphere and business. Now, when the inflation rate in Turkey has grown by 16%, cryptocurrency is a real chance to save value.
Unfortunately, access to Bitcoin and altcoins has become so difficult for the inhabitants of this country. Let's hope the ban will be lifted soon!