Turkey’s president orders research into blockchain and cryptocurrency


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The position of “Recep Tayyip Erdogan”, the President of Turkey, has shifted towards the approval of cryptocurrencies, at a time when the national lira has been witnessing a collapse over the past few years.

Where high inflation in Turkey has caused turmoil in the country, and believe Cryptocurrency analysts believe that Bitcoin can help solve Turkey’s long-running inflation problems.

Erdogan recently held a meeting with the President of El Salvador, Najib Bukele, to discuss the potential of cryptocurrencies, and it appears that it was he who had the effect of changing the Turkish president’s position.

Having been against digital assets for a while and even banning cryptocurrencies in the country, the Turkish leader has now instructed members of his AK Party to search for blockchain and cryptocurrency.

Turkey’s central bank used to claim that cryptocurrency can cause permanent harm and risk to Turks.

While Turkish investors believe in metaverses and have already invested money in virtual lands.

In Istanbul there are currently more than 11,000 plots of land in the “metaverse” which includes the famous city streets and trendy neighborhoods.

Prices range from $15 to $40 for a piece of Istanbul in the virtual world.

Earlier in January, the Turkish government held a meeting in Metaverse to discuss the regulation of the crypto market.

Mustafa Ilitaş, President of the Grand National Assembly of Turkey, stated:

I believe that Metaverse-based meetings will be rapidly improved and become an essential part of our lives.

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