Papara, in a statement he made on all official social media accounts and on his website, stated that he would necessarily end his work with crypto money companies. This decision taken by Papara was based on the law No. 31456 “Regulation on the Non-Use of Cryptocurrency Assets in Payments”
Papara crypto money explanation
Attention of our users
April 16, 2021, pursuant to the “Regulation on Not Using Cryptocurrency Assets in Payments” No. 31456, payment and electronic money institutions licensed by the CBRT will not work with crypto money companies as of April 30, 2021. Papara, as a CBRT licensed electronic money institution, is within this scope and we regret to state that our work with all crypto money institutions will be terminated as of this date, and no withdrawal/deposit transactions will be made with these institutions. The crypto money companies you are using can inform you before this date and terminate the Papara transactions earlier. .