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President of Turkey declares war against cryptocurrency

In a Sept 18 meeting that took place in the city of Mersin with students from 81 provinces, Turkey’s President Recep Tayyip Erdogan said that the country was at war with...
President of Turkey declares war against cryptocurrency President of Turkey declares war against cryptocurrency

In a Sept 18 meeting that took place in the city of Mersin with students from 81 provinces, Turkey’s President Recep Tayyip Erdogan said that the country was at war with cryptocurrencies.

President Erdogan asserted that the country has no problem with the spread of digital assets but that it would carry on with its own money, which he believes is part of the national identity.

Erdogan’s comments come at the heels of the creation of a new platform to research and test a digitalized version of the Turkish lira earlier this month. The first stage will see the project undergo limited tests that are meant to determine its viability, and the results of the pilot phase will be announced next year.

Exploring the issuance of a CBDC was included in Erdogan’s Annual Presidential Program back in 2019.

Turkey’s economy has been plagued by out-of-control inflation and currency depreciation, yet it ranks as one of the top countries by cryptocurrency adoption.

In late March, Google (NASDAQ:GOOGL) searches for the term “Bitcoin” soared by more than 500 percent after Erdogan sacked the central bank head, and the value of the lira collapsed by a whopping 17 percent within one day.

The President is arguably looking to dissuade Turks from putting their savings into the speculative asset since decentralized cryptocurrencies are out of his reach.

As reported by BTC PEERS, Turkey’s Central Bank imposed a ban on cryptocurrency payments in mid-April, restricting local companies from conducting transactions that involve digital assets. Regulatory uncertainty, extremely high volatility, and crime were cited as the major reasons behind the decision.

Continue reading on BTC Peers

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BROKERS ĐƯỢC CẤP PHÉP
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28-03-2024 20:46:57 (UTC+7)

EUR/USD

1.0809

-0.0018 (-0.16%)

Summary

Buy

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EUR/USD

1.0809

-0.0018 (-0.16%)

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Buy

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GBP/USD

1.2641

+0.0003 (+0.02%)

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USD/JPY

151.24

-0.07 (-0.05%)

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AUD/USD

0.6513

-0.0021 (-0.31%)

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USD/CAD

1.3562

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EUR/JPY

163.43

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EUR/CHF

0.9756

-0.0030 (-0.31%)

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Gold Futures

2,230.40

+17.70 (+0.80%)

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Silver Futures

24.738

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Copper Futures

3.9893

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82.38

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86.32

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Natural Gas Futures

1.733

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US Coffee C Futures

188.65

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Euro Stoxx 50

5,092.15

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S&P 500

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DAX

18,499.55

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FTSE 100

7,965.50

+33.52 (+0.42%)

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16,541.42

+148.58 (+0.91%)

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US Small Cap 2000

2,123.80

+9.45 (+0.45%)

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IBEX 35

11,100.84

-10.46 (-0.09%)

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BASF SE NA O.N.

52.960

-0.290 (-0.54%)

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Bayer AG NA

28.41

-0.01 (-0.04%)

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↑ Sell

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Allianz SE VNA O.N.

277.18

-0.27 (-0.10%)

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Adidas AG

206.75

+2.05 (+1.00%)

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Deutsche Lufthansa AG

7.260

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Siemens AG Class N

177.05

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Deutsche Bank AG

14.580

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 EUR/USD1.0809Buy
 GBP/USD1.2641↑ Buy
 USD/JPY151.24↑ Sell
 AUD/USD0.6513↑ Buy
 USD/CAD1.3562↑ Sell
 EUR/JPY163.43↑ Sell
 EUR/CHF0.9756↑ Sell
 Gold2,230.40↑ Buy
 Silver24.738↑ Buy
 Copper3.9893↑ Sell
 Crude Oil WTI82.38↑ Sell
 Brent Oil86.32↑ Sell
 Natural Gas1.733↑ Sell
 US Coffee C188.65↑ Buy
 Euro Stoxx 505,092.15↑ Buy
 S&P 5005,255.13↑ Buy
 DAX18,499.55↑ Buy
 FTSE 1007,965.50Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,123.80↑ Buy
 IBEX 3511,100.84↑ Sell
 BASF52.960Neutral
 Bayer28.41↑ Sell
 Allianz277.18↑ Buy
 Adidas206.75↑ Buy
 Lufthansa7.260Neutral
 Siemens AG177.05↑ Sell
 Deutsche Bank AG14.580↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,880/ 8,050
(0/ 0) # 1,398
SJC HCM7,900/ 8,100
(10/ 10) # 1,450
SJC Hanoi7,900/ 8,102
(10/ 10) # 1,452
SJC Danang7,900/ 8,102
(10/ 10) # 1,452
SJC Nhatrang7,900/ 8,102
(10/ 10) # 1,452
SJC Cantho7,900/ 8,102
(10/ 10) # 1,452
Cập nhật 28-03-2024 20:47:00
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ↀ Giá vàng thế giới
$2,207.42+16.40.75%
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ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.19+4.760.06%
Brent$86.28+4.640.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.580,0024.950,00
EUR26.018,3427.446,04
GBP30.390,9531.684,00
JPY158,69167,96
KRW15,8419,20
Cập nhật lúc 18:53:18 28/03/2024
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