Turkey’s Weak Fiat Currency Triggers Bitcoin Price to New High
Apr 13, 2021 at 12:32
The inflation in Turkey is currently at about 16.2% and this is corroding the lira’s value. The Turkish citizens are now frustrated with the economic turmoil in the country and are now seeking safe haven in cryptocurrencies. Small businesses have now started to accept payment in Bitcoin, and this has pushed its price high to make a new record high of over $63,000.
Fan Tokens Are Getting Popular as Another Football Club Plans to Issue Its Own
Nov 11, 2020 at 10:58
Popular football clubs are looking to establish as close communication with their fans as possible. For this reason, many of them have issued their own fan tokens to get their supporters involved in the club activity. Now, the last year winner of the Turkish Süper Lig is planning to have their token as well.
Turkey to Regulate Cryptocurrencies and Audit Bitcoin
Jan 07, 2020 at 11:03
The lack of clear investor rights in Bitcoin (BTC) and other blockchain-based cryptocurrencies and the absence of aboveboard regulations to protect rights are concerning public authorities, and upon request, the Capital Markets Board of Turkey has taken action to review and regulate digital currencies and intermediaries.
Blockchain-Based CBDC to be Created in Turkey
Jul 12, 2019 at 09:59
Turkey plans on creating its own virtual currency and deploying blockchain into government systems. The government financial authority has included a central bank-issued cryptocurrency in its new 2019 –2023 strategic economic roadmap.
Turkey Considers Launching Blockchain-Based Turkcoin
Feb 25, 2018 at 11:37
Two influential Turkish political forces, the Justice and Development Party (AKP) and the Nationalist Movement Party (MHP), have recently come up with the idea to create the first blockchain-based Turkish digital currency, similar to Bitcoin or Litecoin, called Turkcoin.