Turkey President Tayyip Erdoğan Orders For Metaverse Research

Published by
Turkey President Tayyip Erdoğan Orders For Metaverse Research

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.

Advertisement

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.”

 

Advertisement

Share
victoria

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.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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.

Recent Posts

  • 24/7 Cryptocurrency News

Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin

Trump Family's World Liberty Financial has unveiled big real-world asset (RWA) tokenization plans on Wednesday,…

October 1, 2025
  • 24/7 Cryptocurrency News

Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms

Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder

Metaplanet has expanded its Bitcoin portfolio with another purchase. The Tokyo-listed firm is now the…

October 1, 2025
  • Bitcoin News

BREAKING: Nasdaq Files with US SEC to List BlackRock Bitcoin Premium Income ETF

Nasdaq has officially filed to list and trade BlackRock iShares Bitcoin Premium Income ETF with…

October 1, 2025
  • 24/7 Cryptocurrency News

Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?

While the ASTER token has crashed 20% in the last 24 hours, to test the…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: U.S. Government Shuts Down After Congress Fails to Pass Funding Bill

The U.S government has entered its first shutdown since 2019 after lawmakers failed to reach…

October 1, 2025