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Erdoğan confirms: Turkish crypto law ready for parliamentary vote



 The planned crypto law of the Turkish government is supposed to give the domestic economy a boost.


Turkish President Recep Tayyip Erdoğan has confirmed that his government has completed a draft for a crypto law, which should be submitted to the Turkish parliament as soon as possible in order to ensure that it is implemented as soon as possible.


President Erdoğan announced the corresponding plans at a press conference in Istanbul, which, among other things, discussed the ongoing decline in the value of the Turkish national currency, the lira. As the television broadcaster NTV reports , the planned crypto law is intended to remedy this, Erdoğan said:


"We will take the necessary steps to bring the draft to Parliament without delay."

The president sees the latest incursion of the Turkish lira less as a mathematical inevitability, but as a chain of unfortunate circumstances that must now be counteracted:


"With this in mind, we want to actively bring them back into the dry first, but then the exchange rate has to be normal on the market again."

The president hopes that the planned crypto law can make a major contribution to this and make Turkey one of the ten largest economies in the world. When asked how the rapid rise in the national currency could be reflected in everyday life, Erdoğan demands that the current exchange rate should not be updated several times a day.


Meanwhile, Turkish crypto investors are already benefiting from their investments, because when the Turkish lira fell by a whopping 15% against the US dollar on November 23, their crypto savings were unaffected.


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