The Central Bank of Turkey has begun to study …

Central Bank of Turkey began to study bitcoin

The President of the Central Bank of Turkey CBRT Murat Cetinkaya announced the creation of a research group, the purpose of which is to study the field of cryptocurrencies. The group includes market participants, government representatives and regulators. Writes about this local edition Vatan.

Earlier, the bank regulator reported that existing laws do not regulate the process of circulation of cryptocurrencies, and therefore did not recommend investors to work with them. However, the latest news suggests that Turkey may change its attitude to this issue, and Cetinkaya himself said that cryptocurrencies such as Bitcoin can contribute to financial stability..

It should be noted that the popularity of bitcoin in Turkey is growing rapidly. So, in the country there is a cryptocurrency exchange BTCTurk, which works with the local fiat currency lira. In addition, a number of cryptocurrency services are engaged in serving the residents of Turkey, including Payza, and Bitwala. A bitcoin ATM has been installed at Istanbul Airport. The popularity of cryptocurrency is also evidenced by Google Trends data, as well as the constantly growing trading volumes on Localbitcoins.

The Central Bank of Turkey has begun to study ...

In addition to the head of CBRT on cryptocurrencies, the director of IS Investment International Markets Shant Manukyan spoke out, who confirmed the information about the ongoing research.

“Serious Bitcoin Research Is Underway in Turkey,” he said.

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