Business
Trader flees Turkey with $2b in crypto scam – The Australian Financial Review
One of Turkey’s largest cryptocurrency exchanges said it lacked the financial strength to continue operations, leaving hundreds of thousands of investors fearing…
While authorities and customers tried to work out the details of what happened, a senior official in President Recep Tayyip Erdogans office called for rapid regulation of the crypto market.
Globally, the surge in the prices of digital tokens has been accompanied by convictions and regulatory measures after various scams tied to trading platforms.
The Turkish government should take action as soon as possible, Cemil Ertem, a senior economic adviser to Erdogan, told Bloomberg.
Pyramid schemes are being…
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