Turkey will not accept private cryptocurrencies
The president of that country indicated that they have a war with digital assets and assured that they are advancing in the development of their own currency that has an identity
Recep Tayyip Erdogan, President of the Republic of Turkey, stated in a meeting with university students that his country has no intention of protecting any type of private digital asset in his territory.
Erdogan was emphatic and expressed: “We have absolutely no intention of embracing cryptocurrencies (…) On the contrary, we have a separate war, a separate fight against them. We would never support them. Because we will advance with our own currency, which has its own identity.”
A few months ago the Central Bank of Turkey decided to prohibit direct and indirect payments with the different existing cryptocurrencies in its country, because they do not have laws that regulate these activities by the financial institution, nor do they have the availability of “supervisory mechanisms for cryptocurrencies.”
The country’s financial institution considers that digital currencies “may cause non-recoverable losses for the parties involved in a transaction due to the lack of regulations.”
Likewise, the Central Bank also notified the “creation of the Digital Turkish Lira Cooperation Platform” in order to “explore the possible contributions of the virtual circulation of the Turkish lira as a complement to the existing payment infrastructure.”
In this context, the country is working in different regulatory scenarios to prevent citizens from exposing themselves to all the implications that may arise from a transaction with digital currencies.
M. Rodríguez
Fuente: dineroenimagen