The president of Turkey, Recep Tayyip Erdoğan, has reportedly instructed the country’s ruling party to conduct a study on cryptocurrency and the metaverse. “It is a sensitive subject, a good and meticulous study should be done,” said President Erdoğan.
Turkish President Wants the Ruling Party to Study Crypto and the Metaverse
Turkish President Recep Tayyip Erdoğan reportedly discussed cryptocurrency and the metaverse at the Justice and Development Party’s central executive board meeting held Tuesday under his chairmanship.
The Justice and Development Party (AK Party) is the largest party in Turkey, and President Erdoğan is its current leader.
During the meeting, President Erdoğan directed the AK Party to analyze new developments, including cryptocurrency and the metaverse, local media reported Wednesday. He also instructed the party members to organize a forum to focus on these areas. President Erdoğan reportedly said at the meeting:
It is a sensitive subject. A good and meticulous study should be done.
AK Party spokesperson Ömer Çelik, a former Turkish Minister of European Union Affairs, explained that there are many issues that directly affect people’s lives and the economy. “When all these issues are discussed, it will be seen that there are some threats as well as benefits. All of these need to be regulated legally,” he emphasized, elaborating:
The president has also given instructions regarding the study of the legal infrastructure of these issues.
Stating that cryptocurrencies and the metaverse should be followed closely, Ömer Çelik added: “A forum will be held in the near future under the chairmanship of our president. The technological, philosophical, political, and economic dimensions of these concepts (cryptocurrency and metaverse) will be comprehensively discussed.”
Tags in this story
Recep Tayyip Erdoğan, Recep Tayyip Erdoğan bitcoin, Recep Tayyip Erdoğan crypto, Recep Tayyip Erdoğan cryptocurrency, Recep Tayyip Erdoğan metaverse, Turkey, turkey bitcoin, turkey crypto, turkey crypto regulation, turkey metaverse, turkish government, turkish president
What do you think about Turkish President Erdoğan instructing the ruling party to study crypto and the metaverse? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
More Popular NewsIn Case You Missed It