Turkey is in the war with cryptocurrency, says President Erdogan regulation
Turkey is in the war with cryptocurrency, says President Erdogan regulation
The Turkish President Recep Tayyip Erdoğan has clarified the government's attitude towards cryptocurrencies and explains that the country is at war with crypto. He emphasized that Turkey would continue with its own currency.
a war and a fight against cryptocurrency
The Turkish President Recep Tayyip Erdoğan answered some questions from 81 provinces as part of the “Meeting with Youth” program with university students. The event took place in Mersin, a port city in the south of Turkey and an important economic center in the country.
A young man in the audience asked President Erdoğan: "My question refers to cryptocurrency. Recently the central bank has a digital Turkish lira platform . Topic. “
"We have no problem opening up to cryptocurrencies," said Erdoğan:
on the contrary, we have a separate war, a separate fight against them.
He made it clear that the cryptocurrency will not receive a "premium" treatment, since Turkey is currently "continuing with our own currency".
President Erdoğan then interviewed BINALI Yıldırım, deputy chairman of the party for justice and development (AK party) and former prime minister, who also participated in the youth program, about his opinion on cryptocurrency. "What do you say, Mr. BINALI?" asked the president.
yıldırım said:
Unfortunately, the cryptocurrency also opens the door to complaints. So it is something that requires serious control.
He found that there were "bad examples" with cryptocurrencies. For example, the Turkish police led investigations against a target = "_ blank" href = "https://news.bitcoin.com/dogecoin-scam-investigated-founder-allegedly-stole-350-million-doge-investors/" Rel = "noopener"> Dogecoin investments that were stolen from 1,500 investors, and at the beginning of this year two Turkish crypto exchanges were examined for fraud.
"In the future at your discretion," said Yıldırım to Erdoğan. "As a state, it may be necessary to take some precautions as a government to prevent these abuse and mistakes. Studies have already started."
In April the Turkish Central Bank published a message banned the use of cryptocurrencies for payments from Goods and services. In July, the Turkish government said it was to regulate an invoice cryptocurrency.
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