Turkey’s President Embraces Cryptocurrency and the Metaverse

Turkey’s President Embraces Cryptocurrency and the Metaverse The president of Turkey, Recep Tayyip Erdoğan, is turning into cryptocurrencies, as the national lira has been experiencing a downfall for the last few years. Turkey’s high inflation is disrupting the country, and cryptocurrency analysts believe that could help solve the country’s prolonged issues with inflation. Erdoğan recently had a meeting with El Salvador’s president Bukele to discuss the potential of cryptocurrencies. Being against digital assets for a while and even banning crypto in the country, the Turkish leader now instructed his AK party members to research blockchain and cryptocurrency. The Central Bank of Turkey used to claim that crypto could cause permanent damage and user risks. Turkish investors believe in the metaverse and have put money into the virtual land. Istanbul has over 11,000 lots in the metaverse that include the city’s iconic streets and trendy neighborhoods. Prices range from $15 – 40 to have a piece of Istanbul in the virtual world. Earlier in January, the Turkish government held a meeting in the metaverse to discuss the upcoming crypto regulation. “I believe that metaverse-based meetings would be improved expeditiously and become an essential part of our lives,” Grand National Assembly of Turkey chairman Mustafa Elitaş said. EMAIL NEWSLETTER Join to get the flipside of crypto Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox. [contact-form-7] You can always unsubscribe with just 1 click. Continue reading on DailyCoin Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Turkey’s President Embraces Cryptocurrency and the Metaverse
Turkey’s President Embraces Cryptocurrency and the MetaverseTurkey’s President Embraces Cryptocurrency and the Metaverse

The president of Turkey, Recep Tayyip Erdoğan, is turning into cryptocurrencies, as the national lira has been experiencing a downfall for the last few years. Turkey’s high inflation is disrupting the country, and cryptocurrency analysts believe that could help solve the country’s prolonged issues with inflation.

Erdoğan recently had a meeting with El Salvador’s president Bukele to discuss the potential of cryptocurrencies. Being against digital assets for a while and even banning crypto in the country, the Turkish leader now instructed his AK party members to research blockchain and cryptocurrency. The Central Bank of Turkey used to claim that crypto could cause permanent damage and user risks.

Turkish investors believe in the metaverse and have put money into the virtual land. Istanbul has over 11,000 lots in the metaverse that include the city’s iconic streets and trendy neighborhoods. Prices range from $15 – 40 to have a piece of Istanbul in the virtual world. Earlier in January, the Turkish government held a meeting in the metaverse to discuss the upcoming crypto regulation.

“I believe that metaverse-based meetings would be improved expeditiously and become an essential part of our lives,” Grand National Assembly of Turkey chairman Mustafa Elitaş said.

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Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.