Turkish President Erdogan said, “We are at war with cryptocurrencies”

Turkey aspires to become a blockchain center for a country that has a leg in Europe and Asia. However, as Turkish President Recep Tayb Erdogan recently reiterated, the same enthusiasm does not apply to cryptocurrencies.

Erdogan Host A Q&A event was held in Mersin, Turkey with young people from all over the country.A waiter mentioned Digital Turkish Lira Collaboration Platform Announced last week and asked whether the central bank will accept cryptocurrency. He also asked Erdogan his views on cryptocurrencies.

“We have absolutely no intention of accepting cryptocurrency,” the president replied, adding:

“On the contrary, we have a separate war, a separate fight against them. We will never support [cryptocurrencies]. Because we will continue to use our own currency with our own identity. “

Binali Yıldırım, former Turkish Prime Minister and Deputy Chairman of the Ak Party, subsequently explained that due to the potential risks of cryptocurrency, strict supervision is required. “It’s like selling a fictitious future,” he said.

related: Turkish Central Bank uses local technology companies for digital currency research and development

Turkey first announced a plan National blockchain infrastructure In 2019. Since then, the government and local authorities have adopted a stance of supporting blockchain.Government Shared Plan Central Bank Digital Currency (CBDC) is scheduled to be tested by the end of 2021.

The Central Bank of the Republic of Turkey has taken a big step towards its CBDC goal by establishing a digital Turkish lira cooperation platform with three local technology companies.

However, President Erdogan’s latest comments on cryptocurrencies mark the possible end of cryptocurrencies Turkey’s crypto-friendly era, Several of the global cryptocurrency exchanges such as Binance with Huobi Establish business in the country.