Financial technology

An advertisement of Bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong, Thursday, Nov. 18, 2021.

‘It’s a casino operation’: As Turkish lira falls, some Turks turn to cryptocurrency

Economics

Millions of people in Turkey are turning to risky cryptocurrency investments in the hopes of protecting their savings or bringing in a side income. But economist Steve Hanke calls it a “casino operation.” “They’re not really investments,” he said.

A university student, a member of a club studying cryptocurrencies, attends a meeting at a university in Seoul, South Korea, December 20, 2017.

Why some young South Koreans are putting their hopes in cryptocurrencies

Commentary