PayPal Stops Operating in Turkey, Online Payment Sector Turns to Bitcoin

PayPal Stops Operating in Turkey, Online Payment Sector Turns to Bitcoin

With Turkey residents losing a convenient option for sending and receiving payments online, the country’s online payment sector is gradually yielding to a free control market with the uptake in Bitcoin use. Why there is no more PayPal in Turkey. PayPal no longer operates in Turkey after June 6 following the non-approval of its license by the Banking Regulation and Supervision Agency. Its operation in Turkey was reportedly shut down on the grounds that the American company had failed to comply with stipulated laws. However, an existing Bitcoin exchange in the country has claimed it recorded....


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