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Re:Turkey bans use of cryptocurrencies for payments by qwertox on Friday April 16, 2021 @05:19AM (#26831519)
What are the consequences of being left out? For example, assume that the EU bans crypto, but the US is fine with it.

The US will then continue developing solution with and for it, eventually building the next big thing, revolutionizing a market.

Wouldn't that then place the EU in a position of a consumer until they can then catch up eventually, if that would even be possible?

Re:Turkey bans use of cryptocurrencies for payments by TicklishTiger on Friday April 16, 2021 @05:50AM (#26831788)
We are already there. Europeans all use Coinbase and other US exchanges. Coinbase alone brought over $80B in market cap to the US. 100 times more than the market cap of Yahoo when it IPOed.
Re:Turkey bans use of cryptocurrencies for payments by cblconfederate on Friday April 16, 2021 @06:08AM (#26831903)
> Europeans all use Coinbase and other US exchanges

source? I dont use coinbase because of higher costs and all the US shenanigans with other people's data

Re:Turkey bans use of cryptocurrencies for payments by TicklishTiger on Friday April 16, 2021 @08:01AM (#26832802)
What do you use?
Re:Turkey bans use of cryptocurrencies for payments by cblconfederate on Friday April 16, 2021 @08:17AM (#26832933)
binance
Re:Turkey bans use of cryptocurrencies for payments by tradertef on Friday April 16, 2021 @06:20PM (#26839694)
Binance is likely cheaper but on data shenanigans.. :)
Re:Turkey bans use of cryptocurrencies for payments by ur-whale on Friday April 16, 2021 @09:30AM (#26833626)
> Europeans all use Coinbase

They certainly don't.

Coinbase is one of the, if not THE most expensive exchange on the planet.

Their infra stack is a disaster, and their feature set, espectially when it comes to transacting with non-US bank is a freaking nightmare.

Only the captive US market that can't use EU-based exchanges is forced to use coinbase.

Re:Turkey bans use of cryptocurrencies for payments by qwertox on Friday April 16, 2021 @10:11AM (#26834103)
Also, Germany and three other European countries are left out explicitly by their EULA. You can create an account and use it for trading, but this would be against their EULA.

https://www.coinbase.com/places

Re:Turkey bans use of cryptocurrencies for payments by tsss on Friday April 16, 2021 @05:20AM (#26831529)
Turkey isn't in the EU and hopefully it never will be.
Re:Turkey bans use of cryptocurrencies for payments by zaik on Friday April 16, 2021 @05:31AM (#26831626)
Hopefully Turkey joins the EU as by then it will have become a democratic and financially stable country.
Re:Turkey bans use of cryptocurrencies for payments by ur-whale on Friday April 16, 2021 @09:33AM (#26833654)
> Hopefully Turkey joins the EU

Once they understand the notion of separation of church and state at a cultural level, that may become a possibility again.

This will likely be a very long while though.

Re:Turkey bans use of cryptocurrencies for payments by CodeGlitch on Friday April 16, 2021 @06:17AM (#26831978)
> democratic and financially stable country

...glances at Greece

Re:Turkey bans use of cryptocurrencies for payments by BrandoElFollito on Friday April 16, 2021 @06:32AM (#26832090)
Greece was never stable. It corrupted the auditors to lie about their financial situation and did nothing to improve it.

I have both the feeling that we should have just dropped them to not have a weight on us, and I am empathic to the people who lived there (who were avoiding taxes as well, so that may not be the correct feeling I should have)

Re:Turkey bans use of cryptocurrencies for payments by patates on Friday April 16, 2021 @06:52AM (#26832250)
I'm a mixture of Greek, Turkish and Bulgarian, and am now a German citizen. I understand that it's impossible for me to be impartial in such discussions but it may help others in the discussion being more civil if you could say something to the tune of "there needs to be consequences" instead of saying that "we" should have dropped "them" not have a "weight" on "us".
Re:Turkey bans use of cryptocurrencies for payments by BrandoElFollito on Friday April 16, 2021 @07:04AM (#26832353)
I was not trying to be controversial, sorry.

I was rather trying to show the mixture of "why bother, just let them go" and "there are real people out there" that was expressed several times (and that was feeling as well).

Re:Turkey bans use of cryptocurrencies for payments by patates on Friday April 16, 2021 @07:48AM (#26832710)
Oh, now I understand what you mean. Thanks for the clarification!
Re:Turkey bans use of cryptocurrencies for payments by PartiallyTyped on Friday April 16, 2021 @08:13AM (#26832900)
As long as Cyprus is a member, Turkey will never be. Member countries have veto power.
Re:Turkey bans use of cryptocurrencies for payments by patates on Friday April 16, 2021 @06:48AM (#26832211)
Hopefully the number of separatist statements will die down eventually.

Blanket statements like this verge on being racist. Totally okay if you state your reasons, and I would also agree that Turkey, in its current political and economic climate is far away from EU compatibility. But, when you say "hopefully never", you indicate that there's something categorically wrong with Turkey joining EU and most people would think race or religion.

In short: Please don't do blanket statements.

Re:Turkey bans use of cryptocurrencies for payments by qwertox on Friday April 16, 2021 @06:12AM (#26831934)
> Turkey isn't in the EU

I never stated that it was. Turkey is meaningless in regards to the future of crypto, just like Germany or Peru is. But the EU has a power of regulation which affects a somewhat significant amount of earth's population, so it makes sense to play with the thought of it.

Re:Turkey bans use of cryptocurrencies for payments by istanbul7 on Friday April 16, 2021 @05:32AM (#26831631)
Why dont eu finish conversations with Turkey if your statement right Mr. eu spokesman
Re:Turkey bans use of cryptocurrencies for payments by ben_w on Friday April 16, 2021 @05:53AM (#26831803)
Hope is an expression of opinion; Unlike tsss, I hope they do get to join the EU — naturally, I’m hoping this is because Turkey changes rather than because the EU does, I’m sure you feel the exact opposite given your username — but tsss was correct to say Turkey isn’t in it.