A Turkish bank is now asking borrowers to sign a commitment to not use the loan money in Liras to buy hard assets like Bitcoin, Gold, and Stocks.

The document according to Google Translate:

COMMITMENT Consumer loans; education, health, travel, etc., which do not have commercial or professional financing purposes for real person consumers. These are loans extended in cash to meet personal needs. In this context;

Performing the following transactions with the source provided by consumer loans to be used in installments or revolving (KMH) will constitute a contradiction to the purpose of the loan.

Foreign exchange and gold purchase transactions, time deposits, repo stocks, etc. Investments aimed at providing financial returns, closing other undue credit risks at banks and non-bank financial institutions, Transferring abroad, Transferring crypto assets or records out of the banking/capital market system.

I accept and undertake that I know that the loan is in the nature of a consumer loan, that I will use it in accordance with the purpose of the source I have provided with the said loan, and that I will not make any transactions that contradict the purpose of the loan specified above, and that I will not hold the Bank responsible for the sanctions that may be imposed on me if it is determined that the loan is used outside of its purpose.

Name
Surname
TRN: Signature: