Turkey Is ‘at War’ With Cryptocurrency, Says President Erdogan – Regulation Bitcoin News

Bitcoin.com

Turkish President Recep Tayyip Erdoğan has clarified the government’s stance on cryptocurrencies, stating that the country is at war with crypto. He emphasized that Turkey will continue with its own currency.

A War and a Struggle Against Cryptocurrency

Turkish President Recep Tayyip Erdoğan answered some questions from young people in the “Meeting with Youth” program held with university students from 81 provinces. The event took place in Mersin, a port city in southern Turkey and an important hub of the country’s economy.

How To Get Free Crypto  

A young man in the audience asked President Erdoğan: “My question is about cryptocurrency. Recently, the central bank established a digital Turkish lira platform. With this decision, is Turkey planning to open up to cryptocurrencies? … We are curious about your ideas on this matter.”

Noting that it is not their intention to open up to cryptocurrencies, Erdoğan clarified:

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

He clarified that cryptocurrency will not receive “premium” treatment since right now Turkey “will continue with our own currency.”

President Erdoğan proceeded to ask Binali Yıldırım, deputy chairman of the Justice and Development Party (AK Party) and a former prime minister, who also participated in the youth program, about his opinion on cryptocurrency. “What do you say, Mr. Binali?” the president asked.

Yıldırım opined:

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

He noted that there are “bad examples” involving cryptocurrencies. For example, in August, Turkish police launched an investigation into a dogecoin investment scam that stole from 1,500 investors, and earlier this year, two Turkish crypto exchanges were investigated for fraud.

“In the future, at your discretion,” Yıldırım said to Erdoğan. “It may be necessary to make some arrangements as a state, as a government, in order to prevent these abuses and mistakes. Studies on it have already started.”

Coinbase Banner  

In April, the Turkish central bank issued a notice prohibiting the use of cryptocurrencies for payments of goods and services. In July, the Turkish government said it was preparing a bill to regulate cryptocurrencies.

What do you think about the comments by Turkish President Recep Tayyip Erdoğan? Let us know in the comments section below.

Tags in this story

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Go to Source
Author: Kevin Helms


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

FreeBitcoin Banner  

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.