Turkey Highlights

While the cryptocurrency market is halfway through 2022, we present the important events that have happened so far to the readers in this article. The crypto daily follow-ups can be confusing, with this article, we aim to look at a broad framework and to reveal the perspective of crypto in Turkey.

The World's First Metaverse Exit From Turkey

While the Metaverse area burned the whole world with the NFT sector, a step came from Turkey. GoArt Metaverse platform has incorporated 3D Studio Software, which organizes corporate events and meta-events for various global brands. This purchase was recorded as the first declared Metaverse exit in the world.

President Erdogan Meets Elon Musk

President Erdoğan held a video conference meeting with Elon Musk. While the speech focused on partnerships related to space technology, Erdogan presented an NFT from the Türksat NFT project to Elon Musk.

Migration from Istanbul Metropolitan Municipality to Blockchain

Istanbul Metropolitan Municipality has decided to transfer the subscription opening and closing processes of ISKI and IGDAS to Blockchain.

The Capital City of Turkey, Ankara Enters Metaverse

Ankara Mayor Mansur Yavaş has announced that Metaverse trainings will be included in the third technology center to be opened.

30 Thousand Parcels Sold from Turkey in Metaverse World

The E-commerce Council Member from Turkey Union of Chambers and Commodity Exchanges (TOBB) Metaverse said that 30 thousand parcels have been sold in Turkey and 15 thousand parcels in Istanbul so far.

Bitcoin Volumes Rise as Inflation Skyrockets in Turkey

Turkey's inflation rate reached the highest level in 24 years with an annual inflation rate of 78.62%.

In the first and second quarters of 2022, BTC peer-to-peer trading volumes recorded large increases compared to the fourth quarter of 2021.

Next Generation Fintech Company Block Earner Enters Turkey

Australia-based licensed and Blockchain new-gen Fintech company Block Earner, which is founded by Turkish entrepreneur Çağlayan Karaboğa and funded by Emin Gün Siner from Avalanche, and Coinbase has started its activities in Turkey.

National Competency Standards for Blockchain Programming Announced

Blockchain programmer is defined in the official newspaper as follows: "Blockchain Programmer is a qualified person who performs work organization related to his/her profession within the framework of quality standards by applying measures for occupational health and safety and environmental protection and develops the product designed on a Blockchain protocol, performs improvement works of the product developed on Blockchain and participates in his/her professional activities."

Türkiye Sigorta Enters Metaverse

Türkiye Sigorta, one of Turkey's leading insurance institutions, has entered Metaverse. Turkey became the first insurance brand to advertise in the Decentraland (MANA) Metaverse ecosystem.

Rain Turkey Doubles its Capital

Rain, which complies with reliability and regulations in the field of crypto assets in Turkey, has increased its paid-in capital from 50 million TRY to 100 million TRY.

Digital Turkish Lira to be Issued

Pilot implementation will be carried out in the Digital Turkish Lira System Development Project carried out by the Central Bank of the Republic of Turkey (TCMB) and some technology organizations of Turkey.

Legal Crypto Regulation Outlook in Turkey

Turkey ranks fourth in the world and first in Europe in the usage of crypto assets. A cryptocurrency bill was drafted in January 2022, but it is not known when it will be approved or whether there will be a change on it.