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.