tcmb decision, 2021-04-16
Crypto assets entail significant risks to the relevant parties due to the following reasons: they are neither subject to any regulation and supervision mechanisms nor a central regulatory authority, their market values can be excessively volatile, they may be used in illegal actions due to their anonymous structures, wallets can be stolen or used unlawfully without the authorization of their holders, and transactions are irrevocable.
Sentiment: neutral
Topic: financial_stability