Daily Archives: 02/03/2022

KuCoin Survey: 40% of Turkish Citizens Own or Trade Cryptocurrencies

According to a survey conducted by the KuCoin exchange, about 40% of Turkish citizens own crypto assets. The rapid adoption of cryptocurrencies in Turkey is due to the fall of the Turkish lira. Researchers at the KuCoin cryptocurrency exchange conducted a survey among residents of Turkey. It turned out that against the backdrop of a fall in the value of the Turkish lira and high inflation, the demand for digital assets in Turkey is growing.…

South Korean court upheld the ban on the purchase and sale of cryptocurrencies by gamers

South Korea’s constitutional court has dismissed a lawsuit challenging a law that bans gamers from buying and selling cryptocurrencies and non-fungible tokens (NFTs). According to local News1, two unnamed individuals for legal reasons, after administrative prosecution, tried to challenge the law that prohibits gamers from buying and selling cryptocurrencies and NFTs, saying that it violates the country’s constitution. The fate of the Play-to-Earn (P2E) industry in South Korea depended on the success of this case.…