Turkish Lawmaker Proposed to Launch a National Crypto

A Turkish lawmaker affiliated with the political party proposed a national cryptocurrency and to open its own bitcoin exchange  
23 February 2018   1204

According to the Al-Monitor, Ahmet Kenan Tanrikulu, Turkey’s former industry minister and deputy chair of the Nationalist Movement Party (MHP) reported about the issuance of a state-controlled cryptocurrency.

The world is advancing toward a new digital system. Turkey should create its own digital system and currency before it’s too late.

Ahmet Kenan Tanrikulu

Turkey’s former industry minister

The 22-page draft has not seen a public release. But the news report showed the proposed Turkcoin would resemble asset-backed securities from Turkey’s Wealth Fund that includes large public assets including Turkish Airlines, the Istanbul Stock Exchange, Turk Telekom, the National Lottery and the Ziraat Bank, among others.

The suggestion followed Turkey’s deputy prime minister Mehmet Simsek statement. He said that the government would begin work toward launching a national cryptocurrency.

The draft includes an overview on the current cryptocurrency space in Turkey Moreover, Ahmet Kenan Tanrikulu in his 22-page report proposed to urge the government to install its own state-controlled bitcoin exchange.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   125

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.