Situation of Cryptocurrencies In Turkey

Turkey is a developing country and since its financial markets are not deepening as the developed countries (such as mortgage bond system) it will be difficult to accept cryptocurrencies in Turkey in this regard.

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Cryptocurrencies were also on the agenda of government officials when Bitcoin hit $ 17,000 level. Although the Undersecretariat of Treasury created a working group for the development of regulations on crypto money in the Financial Stability Committee, some officials also made statements such as the illegitimate chain of cryptocurrencies and illegal statements. These developments were under positive comments to make about the legal situation in Turkey of crypto currency. I've also heard that one, two private banks have opened up chapters on crypto coins.

On the other side, Turkey is also visibly increase the number of those who have mining crypto currency. Although the video cards required for mining are expensive, there are people who do this work individually and who rent a server for a certain fee.