IslamicFinance.de

Turkey's Nationalist Movement Party (MHP) is proposing to develop a national bitcoin called "Turkcoin". According to MHP deputy chair and former Industry Minister Ahmet Kenan Tanrikulu, missing out on blockchain would be a serious mistake. The politician stressed that cryptocurrencies were already in use in Turkey, despite the lack of a legal framework, so there is a clear need for regulation. Tanrikulu's report also proposes the creation of a state-controlled bitcoin bourse. Though the government maintains its stance toward bitcoin and other digital money, the idea for a national cryptocurrency seems to have better prospects. A Turkish company has already invested in a project to create a local cryptocurrency and is reportedly planning to make the money available soon.