New year, new me: Turkey President Erdoğan has a comeback plan, and it involves cryptocurrency. With the introduction of the new crypto law, the president envisions Turkey to become one of the 10 largest economies in the world.
Turkey's President Recep Tayyip Erdoğan has reportedly confirmed the completion of a crypto law draft that will soon be shared with the Parliament for mainstream implementation in the country.
In an effort to counter the falling value of the Turkish lira, President Erdoğan shared plans to implement a new economic model while speaking at a press conference in Istanbul. As“We will take steps on this issue by sending it to Parliament without delay.” Acknowledging the country’s recent inflationary episode, Erdoğan said that the currency event is not related to mathematics but a matter of process — implying a possibility and potential of lira’s value growth:
“With this understanding, we intend to channel it to a dry spot. But the exchange rate will find its own price on the market.” With the introduction of the new crypto law, the president envisions Turkey to become one of the 10 largest economies in the world. Speaking about the rising prices in the region, he shared plans to follow the people who change the labels of the price list organizers several times a day. “We want them to lower the dollar's increases now,” he concluded.On Nov. 23, Bitcoin holders in Turkey avoided an accelerating currency collapse as the lira lost 15% against the U.S. dollar in a single day.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Earthquake, Magnitude 2.2 - NEAR THE COAST OF WESTERN TURKEY - 2021 December 26, 06:29:16 UTCMagnitude: ML 2.2, Region: NEAR THE COAST OF WESTERN TURKEY, Date time: 2021-12-26 06:29:16.2 UTC, Location: 38.36 N ; 26.86 E, Depth: 8 km.
Weiterlesen »
Binance Turkey fined 8M lira for non-compliance against money launderingAn 8 million lira fine for Binance Turkey after the exchange failed the financial watchdog’s audit for monitoring Anti-Money Laundering compliance.
Weiterlesen »
Earthquake, Magnitude 3.0 - DODECANESE IS.-TURKEY BORDER REG - 2021 December 26, 20:46:11 UTCMagnitude: ML 3.0, Region: DODECANESE IS.-TURKEY BORDER REG, Date time: 2021-12-26 20:46:11.2 UTC, Location: 36.94 N ; 27.29 E, Depth: 12 km.
Weiterlesen »
Earthquake, Magnitude 3.1 - EASTERN TURKEY - 2021 December 27, 02:46:33 UTCMagnitude: ML 3.1, Region: EASTERN TURKEY, Date time: 2021-12-27 02:46:33.5 UTC, Location: 39.51 N ; 41.20 E, Depth: 2 km.
Weiterlesen »
Binance Turkey fined 8M lira for non-compliance against money launderingAn 8 million lira fine for Binance Turkey after the exchange failed the financial watchdog’s audit for monitoring Anti-Money Laundering compliance.
Weiterlesen »
Inside China’s underground crypto mining operation, where people are risking it all to make bitcoinInside China’s underground crypto mining operation, where people are risking it all to make bitcoin.
Weiterlesen »