Turkish gold jewelry merchants will face new trading regulations. Starting from April, cash gold purchase transactions will be prohibited. Merchants must switch to the bandrol (official certification) system for gold sales. Payment methods will also be strictly restricted—consumers can only complete transactions via bank card or IBAN transfer, and cash payments will no longer be accepted. The implementation of this policy reflects the increasing regulatory scrutiny over cash flow in various countries, aiming to enhance transaction transparency and traceability. For financial markets, such policy adjustments typically indicate a trend toward more cashless transactions and also influence investors' considerations of alternative asset allocations.
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SignatureCollector
· 01-10 07:47
Starting to regulate cash again, now it's gold's turn.
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OnchainArchaeologist
· 01-08 23:47
The move towards cashless payments has finally reached the gold stage, quite interesting.
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ser_ngmi
· 01-07 10:57
Cash ban is back, and gold jewelry will also be on the chain for tracking?
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ZenZKPlayer
· 01-07 10:49
Another ban on cash again, this trick is really getting annoying.
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SellTheBounce
· 01-07 10:46
Here comes the chopping of leeks again; banning cash is just to prevent people from fleeing.
When it comes to gold, there's always a lower point; sell on rebound.
As soon as policies tighten, the retail investors' buy-in drama begins.
Wait, let's talk again when the real bottom appears.
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MidnightMEVeater
· 01-07 10:45
Another country's cash hunt operation is underway again. Turkey is playing hard... The bandrol system is just a GPS tracker installed for big players.
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TokenomicsShaman
· 01-07 10:28
Another move to cut the leeks, banning cash purchases of gold. This tactic is quite harsh.
Turkish gold jewelry merchants will face new trading regulations. Starting from April, cash gold purchase transactions will be prohibited. Merchants must switch to the bandrol (official certification) system for gold sales. Payment methods will also be strictly restricted—consumers can only complete transactions via bank card or IBAN transfer, and cash payments will no longer be accepted. The implementation of this policy reflects the increasing regulatory scrutiny over cash flow in various countries, aiming to enhance transaction transparency and traceability. For financial markets, such policy adjustments typically indicate a trend toward more cashless transactions and also influence investors' considerations of alternative asset allocations.