Turkey begins to control cryptocurrencies
Turkey is a fairly strong player in the global economic arena. Neighbors listen to the opinion of this state, its actions are taken into account at the general planetary level. And that is why today’s news is so important. After all, this state is starting to introduce new regulatory measures for new generation digital assets. Below we will tell you everything that is known on this issue. We will also try to predict the consequences of Turkey’s actions on the role of Blockchain in the global perception. So let’s get started.
Who is behind the initiative
As in any developed country, Turkey has a separate structure responsible for the national economy. Here it is called the “Central Bank”. So the head of this very organization made a statement. In his message, the specialist expressed concern about digital assets and a desire to begin full development of the Blockchain in the near future. Also, the state plans to start introducing certain control measures, authorizing protocols and other subtleties of currency units. The initiative is built over a short distance. According to the head of the Central Bank, the country is ready to introduce specific measures of restrictions in the next two weeks. This is a really serious step that will directly affect the perception of cryptocurrencies both in Turkey and at the global level.
But first, let me dissuade all skeptics who believe that the beginning of control will necessarily lead to a complete ban. The head of the Central Bank ruled out such a scenario. According to him, the country is interested in the study and pinpoint control of the Blockchain. But not in the complete prohibition of digital means of payment. This is definitely good news. With the understanding of which, we can proceed to discussing the details and prospects of this initiative.
What’s next for Blockchain in Turkey?
Most likely, the first wave of introducing control measures will take place in a fairly calm direction. Obviously, all the details of the state initiative have not yet been disclosed. Nevertheless, judging by the speech of the head of the Central Bank, we can conclude that the measures taken will be quite loyal. The country intends to give cryptocurrencies a clear legal designation. Also in the plans – designation of the form of storage of digital assets. The state is interested in the fact that entrepreneurs are authorized to place new generation currencies and pay taxes for the use of digital coins.
Also indicative is the fact that the Central Bank does not see the need to ban the Blockchain. According to the organization, this does not in any way meet the state interests and is simply pointless. That is why we advise you not to worry and think about how these measures will affect crypto assets in the future.
It is obvious that Turkey’s loyal position will spread to neighboring states. It is possible that soon we will hear that the entire region is sanctioning cryptocurrencies, like the Turkish example. This is definitely good news. Yes, now the freedom of expression and work in the Blockchain is becoming somewhat less. But this is the first, necessary and forced step. On which the states are obliged to go and which ordinary users should sensibly accept. After all, this is the only way we will show that we are ready to cooperate.
Thus, with the support of citizens, the Turkish government, together with representatives of other countries, can start issuing grants and conducting their own developments on the Blockchain. Which will definitely have a good effect on all users of the cryptoindustry. At the moment, the main thing is to wait and follow the news of the cryptoindustry. Stay tuned to be the first to know about all the events of the world of Blockchain and advanced technologies. Thanks for attention. Good luck!