Lessons From the Turkish Government’s Hasty Attempt to Regulate Cryptocurrencies

The bill, which suggested significant restrictions on investing and using cryptocurrencies, should be opposed. Crypto adoption has accelerated in Turkey over the past two year, in part due to high inflation. My co-author and I believe that restricting crypto is a restriction on freedom, and is not only ethically and constitutionally wrong but also would worsen the country’s capital outflow problem rather than solving it.