One thing that this article only briefly skims over (Turkish lira’s dropping and issues in management at their central bank) are in their own way burying the le

One thing that this article only briefly skims over (Turkish lira’s dropping and issues in management at their central bank) are in their own way burying the lede. Historically (re: recent history of Venezuela, Argentina, Zimbabwe ) crypto assets’ “clunkiness” and functional downside aside- get rapidly adopted when the centrally managed currency loses confidence of the people. This further threatens this “central bank managed currency” via accelerated wealth outflows, in this case of the Lira - and all other reasons mentioned smell like cover to me. This ban is but a reaction and protective measure to slow down wealth transfer out of the governments reach of regular Turkish citizens. A closer look at the state of the Turkish central bank and drivers of monetary policy would likely also reduce your confidence that they know what they are doing and this is a broadly anti crypto move. As a result, this ban has nothing to do with thought through policy. It’s meant to limit outflows from the Lira as the Turkish economy sadly spins out of control.