Will the Cryptocurrency Payment Ban be Lifted in Turkey? "Critical Day May 28!"

Turkey has made many regulations in response to the increasing adoption of cryptocurrency in this field.

At this point, while the regulation of the Central Bank, which entered into force in 2021, banned payments with cryptocurrencies, it allowed Turkish citizens to buy, hold, and sell cryptocurrencies.

While the crypto payment ban was met with criticism at that time, the Turkish law firm GlobalB took the existing crypto payment ban to court.

GlobalB, which has filed a lawsuit against the payment ban, stated that the first hearing of the lawsuit will be held at the Council of State on May 28, 2025.

Sima Baktaş, the founding partner of GlabalB, stated that the case is critically important for Turkey's digital asset economy, emphasizing that a positive decision could contribute significantly to Turkey's digital economy and the development of the Blockchain ecosystem.

Baktaş emphasized that the release of cryptocurrency payments will support the development of the financial sector, making payment systems more efficient and making Turkey a more attractive market for blockchain-focused initiatives.

Historic Case in Crypto Payments!

We are entering a critical phase in the lawsuit we filed for the Central Bank's 2021 regulation that imposed a ban on payments with crypto assets in Turkey!

The hearing of the case we filed as GlobalB will take place at the Council of State in Ankara on 28th May (.

This case could be a turning point not only for us, but for the entire ecosystem.

If the court decides in our favor; the way will be opened for crypto payments in Turkey; the development of innovation and digital economy will accelerate; new opportunities will arise for entrepreneurs, investors, and businesses.

We will closely monitor this critical development.

What Happened?

Central Bank of the Republic of Turkey )CBRT( banned the direct or indirect use of crypto assets in payments with the regulation published in the Official Gazette on April 16, 2021.

While the second paragraph of Article 3 of the regulation states that 'Crypto assets cannot be used directly or indirectly in payments,' this regulation came into effect on April 30, 2021.

In imposing the ban on cryptocurrency payments, the Central Bank of the Republic of Turkey cited concerns such as the lack of regulatory and oversight mechanisms for cryptocurrencies, the absence of a central authority, excessive volatility in market values, and the potential for illegal activities due to their anonymous nature.