{"id":341657,"date":"2021-09-20T12:34:13","date_gmt":"2021-09-20T09:34:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/we-are-at-war-with-crypto-says-turkish-president-erdogan\/"},"modified":"2021-09-20T12:34:13","modified_gmt":"2021-09-20T09:34:13","slug":"we-are-at-war-with-crypto-says-turkish-president-erdogan","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/we-are-at-war-with-crypto-says-turkish-president-erdogan\/","title":{"rendered":"# \u2018We are at war\u2019 with crypto, says Turkish President Erdo\u011fan"},"content":{"rendered":"

“# \u2018We are at war\u2019 with crypto, says Turkish President Erdo\u011fan <\/strong>”
\n<\/p>\n

Turkey is eager to become a blockchain hub as a country with one leg in Europe and another in Asia. However, the same passion doesn\u2019t app<\/a>ly to cryptocurrencies, as Turkish President Recep Tayyib Erdo\u011fan reiterated recently.<\/p>\n

Erdo\u011fan hosted<\/a> a question and answer event in Mersin, Turkey with youth from across the country. An attendant referred to the Digital Turkish Lira Collaboration Platform announced last week, and asked if the central bank would embrace cryptocurrencies. He also asked Erdo\u011fan about his opinions on crypto. <\/p>\n

\u201cWe have absolutely no intention of embracing cryptocurrencies,\u201d answered the president, adding: <\/p>\n

\u201cOn the contrary, we have a separate war, a separate fight against them. We would never lend support to [cryptocurrencies]. Because we will move forward with our own currency that has its own identity.\u201d<\/p><\/blockquote>\n

Binali Y\u0131ld\u0131r\u0131m, Turkey\u2019s former prime minister and Ak Party deputy chairperson, followed up by explaining that cryptocurrencies require strict supervision due to their potential risks. \u201cIt\u2019s like a sale of a fictive future,\u201d he said. <\/p>\n

Related: <\/em><\/strong>Turkish central bank taps local tech firms for digital currency R&D<\/em><\/strong><\/p>\n

Turkey first announced plans for a national blockchain infrastructure in 2019. Since then, the government and the local authorities have taken a pro-blockchain stance. The government shared plans for a central bank digital currency (CBDC) with tests planned for late 2021.<\/p>\n

The Central Bank of the Republic of Turkey made a big step towards its CBDC goals by establishing the Digital Turkish Lira Collaboration Platform with three local technology<\/a> companies. <\/p>\n

However, President Erdo\u011fan\u2019s latest comments on cryptocurrencies mark a possible end for Turkey\u2019s crypto-friendly era, in which several global crypto exchanges like Binance and Huobi\u00a0set up operations in the country.<\/p>\n