Cryptocurrencies coming to Turkey before 2022

Will there be a place for digital currencies in Turkey soon?

In light of the exaggerated interest regarding digital currencies around the world, and given the extent of their importance depending on the volume of trading in them , and that it is a popular and popular trend that is no less important than others, Turkey intended to establish its own sector of digital currencies so that there would be so-called digital currencies Turkey, before the end of 2022, through the economic reform packages announced by Turkish President Recep Tayyip Erdogan at the beginning of the year. 
 

Digital currencies in Turkey, what is the government's view of the issue? 

According to information recently transmitted through the official website of the Turkish Anadolu Agency, the Turkish government intends to set a timetable to end the establishment of the digital currency sector in Turkey before the end of this year or at the beginning of 2022 at the latest. 

The parties responsible for participating in the establishment of this sector will be: 

Central Bank of the Republic of Turkey 
Presidential Finance Office 
And other responsible local institutions 

In turn, director of the Digital Currency System Research Application Center at Istanbul Bahçeşehir University, "Pura Erdemar" told Anadolu Agency that the digital currency project in Turkey is no less important than other expansion and development projects, but rather that it is Turkey's gateway to financial freedom and financial stability of our country. 

The assistant lecturer at the Faculty of Banking and Financial Business at Istanbul Commerce University "Ibinkoy" also confirmed that digital currency projects are gaining popularity and momentum in the past few years. 

He added, Trading in digital currencies was not so easy before and there were many restrictions imposed on these encrypted electronic currencies, while today the world's largest banks are using this strategy to advance and strengthen the economy. 

Turkish President Recep Tayyip Erdogan announced last March that his country intends to introduce new packages of economic reforms, and it seems that their main goal is to focus on the material sphere and its correction within the framework of the complete stability of the Turkish economy. 

Cryptocurrencies... Temporary Cry or Long-Term Benefit? 

Through many meetings with cryptocurrency experts and those interested in the field of cryptocurrency and forex trading, we find that there is a great consensus about the danger of investing in these currencies, as they witness a decline and rise and continue to fluctuate, sometimes rising and sometimes declining, which makes it one of the most dangerous investment methods, Those that are not recommended to those who have gone into their corridors without knowing the consequences of investing in them, which can be profitable by a large percentage, but the percentage of loss in them is not small as well, as you have to pass through many risks while investing in them

What are safe investments instead of digital currencies? 

Investing is a deep sea between its waves of many different options. The more you choose to delve into it, the waves of risks surround you, so you can set your goal away from those waves, by choosing the safe ways to invest, which we have entrusted for decades and are still very profitable and logical investments. 

Real Estate Investment:
Real estate investment is considered one of the safest investments in the world, if not the safest investment at all. As the late US President Franklin Roosevelt said, “The property cannot be lost, stolen, or carried away. It is simply bought, paid for in full, and managed with little care. The safest investment in the world. 

Investors around the world also do not differ on the importance of real estate. Whether you are an active investor or a capitalist or not, you must have purchased a property or are thinking about it. The need for housing and office is not the result of the hour, but is always present and everywhere. 

This increases the demand for housing in various countries of the world, especially real estate in international cities such as Hong Kong, New York real estate, Istanbul real estate, Dubai and others, and thus raises international real estate prices and makes it a very worthwhile investment. 


Investing in gold:

Gold is the master of precious metals and the most beautiful, it has always been within the framework of competition when talking about achieving profits and financial gains. It is a beautiful, rare and precious metal. At all times and among all peoples, gold was of almost the same value. It also plays a major role today in the global investment arena and is taken by many Investors are like a winning investment card, and if you do not earn, it will protect your capital and do not decrease anything. In this case, thinking may invite you to compare investing between gold and real estate and choose between them away from digital currencies. 

Other investments:
In fact, there are many popular investments with less risk than investing in digital currencies in Turkey or outside Turkey, and this is due to the nature and characteristics of the city in which you invest, for example, if we are going to talk about investing in Istanbul.

Why is the Turkish government establishing a private sector for digital currencies in Turkey? 

If investing in digital currencies is a high-risk investment, why is Turkey establishing a private sector for it when it is rich in other investment sectors? 

Here we can answer thus: investing in digital currencies at the level of individuals is completely different from the establishment of governments for these sectors with the aim of correcting the economy and obtaining financial freedom, as well as it is expected that there will soon be an exchange and official recognition of these currencies in Turkey and their adoption in banks and automated banks and perhaps the purchase of real estate through its way into the future, that's why Turkey should be ready for that moment.


Edited by: Ramzy Investments and Real Estate Marketing ©Sources: 
Anadolu Agency 
Al Jazeera