Why Bitcoin Bans Can’t Insulate Stock Markets From Crypto Contagion
ISTANBUL, TURKEY – APRIL 16: A woman uses a bank ATM next to a Bitcoin ATM machine at a shopping mall on April 16, 2021 in Istanbul, Turkey. Turkey’s Central Bank announced a ban on the use of cryptocurrencies and crypto assets for purchases, directly or indirectly to pay for goods or services. The announcement comes as Turkey’s crypto market has boomed over the past few years. As the Turkish Lira has slumped, many people have looked to cryptocurrencies to shelter against inflation. Cryptocurrencies gained traction globally this week after cryptocurrency exchange Coinbase launched on the New York Stock Exchange. (Photo by Chris McGrath/Getty Images)
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Regulators in nine countries thought they had found a solution to stop crypto…
