Turkey President Tayyip Erdoğan Orders For Metaverse Research

victoria
January 27, 2022 Updated March 2, 2022
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FlickPlay and The Sandbox Brings Interoperability Between Metaverse Platforms

Speculations were ripe that Turkey would reveal its crypto policy after El Salvador President visited Turkey last week. 

Both the presidents and Turkey ruling party officials met earlier this week to discuss the metaverse, with the president calling for comprehensive research on the subject reports Yahoo!.

Turkey President Erdoğan has reportedly asked the ruling party to study the metaverse, cryptocurrencies, and how transactions are made using them. The move comes after Turks flocked to crypto to evade the plunging lira as inflation hits a 19-year high recently.

Erdogan reportedly instructed officials to explore the phenomenon with significant ramifications for the future. A forum will be created and the economic aspects of the metaverse, cryptocurrencies, and social media will likely be addressed.

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Metaverse gains interest in Turkey 

The report adds thousands of virtual colonies in Turkey, most of them located in the historic former capital of Istanbul, have already been bought in game-based metaverse platforms.

The Turkish government recently met in the metaverse to discuss cryptocurrency lawmaking. The CoinTelegraph quoted the Grand National Assembly of Turkey chairman Mustafa Elitaş saying, “I believe that metaverse-based meetings would be improved expeditiously and become an essential part of our lives.”

 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Victoria is a Nigerian journalist and entrepreneur with a background in Communications. She's interested in writing about Cryptocurrency, Blockchain and Humans. She owns a tad bit of BTC and ETH and her favorite thing to do is sit by the ocean listening to Beyoncé.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.