Would I face any hurdles during the due diligence process if I convert my crypto earnings into traditional currency and then apply for CBI in Turkey?
Answers
On
Burçin Barlas answered:
You can convert your cryptocurrency and use the converted funds to acquire Turkish citizenship. Please note that there is no due diligence procedure in Turkey as per the source of the funds.
On
Orhan Yavuz Mavioğlu answered:
Turkish CBI system does not investigate the source of income for the transfers made for CBI. However, you will still have to do the conversion of cryptocurrency into regular currencies outside of Turkey and transfer the CBI amounts via banks into Turkey for the systems to process. No other option is available.