Turkey also participated in the breakthroughs made by different governments of the world about Blockchain and Cryptocurrencies day by day. TC. The Central Bank has started a study on digital technologies and virtual currencies.
influenced the whole world in a short time. Digital technologies and virtual currencies, which are mentioned in the field and that the biggest financial crises will occur in the future, have also entered the radar of the relevant authorities in Turkey. The Central Bank of the Republic of Turkey formed a working group on the subject. Central Bank Payment Systems General Manager Mustafa Okay said, “Today we discussed the blockchain system.. With these technologies, both banks and central banks will be working in a very short time.. It is not possible for banks to remain indifferent to these structures,” he said. class=”selectionShareable”>Mustafa Okay emphasized that the system should be learned and evaluated in every aspect and nationalized during the usage period.. According to the news in Yenişafak, Okay, who gave an example from the EFT system, said, “The EFT system, which was discussed in 1992, has been shown as an example in Europe due to the infrastructure and structure it uses.. Developed with our own internal resources in 2012 as well.. Today, the system has become a national system that is very secure and can be processed in seconds.. We should also know the blockchain system, on which the whole world has started to talk, down to the smallest detail, and use it nationally and securely when it enters our lives.” /strong>
Okay, who stated that the relevant authorities should work well on these systems, said:
“These technologies are inevitable. It is still being worked on and some precautions are being taken in different countries around the world.. No matter if they go directly to bans, even if they are released completely.. We also initiated a study on digital technologies and virtual currencies with the Central Bank and related institutions. We are sitting at the table with the Central Bank, the Banking Regulation and Supervision Agency, the Capital Markets Board and the Treasury on what can be done.. We meet periodically and discuss the subject.”
WITH A NATIONAL APPROACH
p class=”selectionShareable”>Stating that it would be beneficial to address these issues with a high-level national approach, Central Bank Vice President Mustafa Okay, continued as follows:
“All institutions are within their own duties and responsibilities. but they should be able to make common decisions in the areas where they interact with each other and act together. As an institution, we continue to work within our own areas of responsibility.. It can be expected that Finance will be involved in these studies in the future”
“DAILY TRADING VOLUME REACHED 4 BILLION DOLLARS”
The total market value of cryptocurrencies, which has not yet been legally regulated in our country, has reached 150 billion dollars. The number of cryptocurrencies that are released every day has reached over 1100.. The daily trading volume of these coins can reach approximately 4 billion dollars.
source: new dawn