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.
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.”
U.S. President Donald Trump has cast doubts over his meeting with China's President Xi Jinping.…
Experts have indicated that a rotation might be occurring with investors moving from gold to…
Crypto and AI Czar David Sacks is set to meet with Republican members of the…
Federal Reserve Governor Chris Waller has floated the idea of a 'Payment account' framework that…
Aster is regaining momentum in the perp DEX space as it outpaces Lightchain in 24-hour…
Bitcoin price and the broader crypto market are facing yet another selling pressure today, triggering…