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I give full marks to Mr. In latest years, Erdoğan has gained unprecedented control over Turkey’s institutions, from the courts to the central bank, and has repeatedly used these powers to manipulate the electoral system in his favour.
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The Superintendencia Financiera warned financial institutions in 2014 that they may not “defend, invest, dealer, or handle digital cash operations”. The PBoC is trying to be one of many first main central banks on the earth to launch its personal digital currency, and in doing so would have the power to more intently monitor the transactions of its people.