The Crypto policy of Turkey

The Crypto policy of Turkey is very hostile and anti-crypto

Tayyip Erdogan, President of Turkey, said that country is at war with crypto and he has clarified The Crypto policy of Turkey. President added that we will continue working on the digital currency of the country.

Most countries of the world have either regulated or preparing to regulate the crypto market. The Central Bank of Turkey has prohibited the use of crypto for the exchange of goods and services. This year in July government revealed its plans to regulate crypto. The Crypto policy of Turkey is very hostile and anti-crypto.

The Crypto policy of Turkey
The official statement of the central bank of Turkey source: Twitter

The Crypto policy of Turkey:

A conference was held in Mersin, a port city in Southern Turkey, with university students from 81 provinces and was called” Meeting with Youth”. The youth was asking questions from President Erdogan about the country’s economy and plans.

From the audience, a young man asked the President whether the country is opening up to crypto or not. He also mentioned the initiative of the digital lira platform by the central bank of Turkey. President clarifies The Crypto policy of Turkey by saying:

On the contrary, we have a separate war, a separate struggle against them.

President also said that they want to focus on their currency and will not provide premium treatment to the crypto. President asked the opinion of the deputy chairman of the Justice Development Party (AK Party) about crypto. She said:

Unfortunately, cryptocurrency also opens the door to grievances. So, it’s something that needs serious control.

I think she was referring to the incident which happend in August, Investigation about Dogecoin theft involving two firms. These policies of governments must change to welcome the innovation. For more content please click here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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