Turkey Might Soon Launch Its Own Cryptocurrency ‘Turkcoin’ | Cointific.com

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Turkey Might Soon Launch Its Own Cryptocurrency
Turkcoin

• https//cointific.com

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According to the local news sources

• Ahmet Kenan Tanrikulu created a draft for
  proposing a cryptocurrency backed by the state,
  called "Turkcoin".

From what we could gather, the new coin would be
backed by physical assets and promise lower
risks compared to current cryptocurrencies. The
assets would reportedly come from the
public-sector giants of Turkey, like Turk
Telekom.
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However, the technology on which Turkcoin would
be based on is still unclear

• Tanrikulu, who was Turkey's former Industry
  Minister and currently the deputy chairperson of
  Nationalist Movement Party, said that the world
  is moving towards a new digital system and Turkey
  must keep pace with the rest. With this, Turkey
  became one of the few nations of the world that
  are adopting cryptocurrency and related
  technology on a mass scale. It achieved this when
  big nations like USA or India are still doubtful
  about whether or not cryptocurrencies should be
  legalized.

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news of Turkcoin came just a few days

• It is worth noting that the news of Turkcoin came
  just a few days after Venezuela launched its own
  national cryptocurrency, Petro through the ICOs.
  Within few days, the biggest ever ICO sale has
  generated almost 375 million. However, it is
  unlikely that the two nations are in any sort of
  competition, as the Deputy Prime Minister of
  Turkey had announced the upcoming cryptocurrency
  weeks ago.
• In any case, adoption of cryptocurrencies as
  national legal tenders is only going to
  legitimize the claim that cryptocurrency is not a
  sham but a technology of the future.

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Turkey Might Soon Launch Its Own Cryptocurrency
Turkcoin
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