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Comment by manfredz

The risks cited may have to do with the irreversibility of transactions and the lack of a deposit guarantee scheme when using cryptocurrency.These are valid concerns.

This will however not help with their financial crisis, because the national issuing of money and collection of taxes is still in Turkish Lira. All payment by the government for goods and services is in Lira and needs to be converted to cryptocurrency and all cryptocurrency needs to be converted back to Lira to pay taxes.

parent manfredz 5 years ago

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