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Recep Tayyip Erdogan: Turkey is at war with digital currencies

Turkish President Recep Tayyip Erdogan has said that the country will oppose digital currencies and will continue to rely on its national currency.

to the Report Yutudi said during a meeting with students in 81 Turkish provinces in Mersin yesterday that the country was at war with digital currencies.

Earlier in mid-May, the Central Bank of Turkey banned digital currency-based payments. The government had said that Turkish companies were not allowed to use digital currency transactions.

Uncertainty over the legal situation, sharp price fluctuations and the use of digital currencies in financial crimes were among the reasons cited by the Turkish Central Bank as the reasons for its decision.

Erdogan has said the country has no problem with the spread of digital currencies. He says Turkey will move forward with its official currency, which is part of its national identity.

Erdogan raises the issue as the Turkish Central Bank announced in early September that it had launched a platform to test and research the digital version of the lira.

In the first phase of this project, it will be examined in a limited way to determine whether it is possible to continue its activities or not. The results of the pilot phase will be announced next year. It is worth mentioning that following the supply of Turkish national digital currency was one of Erdogan’s plans for 2019.

In recent years, the Turkish economy has faced uncontrollable inflation and the devaluation of the national currency, while Turkey has always been considered as one of the top countries in the world in accepting digital currencies.

In late March, Turkish users searched for the word “Bitcoin” in Google by more than 500 percent after the Turkish lira fell 17 percent in one day and Erdogan ousted central banker Erdogan. Increased.

Although Erdogan has no control over decentralized digital currencies, he intends to dissuade the Turkish people from allocating their savings to these assets.


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