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[AudraMiller]

In a recent news article that was published on Coindesk, it seems that Turkey is in fact set to release their own digital currency. According to the chief of the central bank in Turkey, it seems that this crypto is set to be tested and released within the 2021 year, however more information on this process is currently not available. What do you guys think about this development? If the digital currency is listed on major crypto exchanges, it could prove to be invaluable to the economy of Turkey. Do you believe that this set of Tukey into the digital currency era is a good one?

 

[aryan4]

One tweet was posted. But this is not about creating a coin.

It is about the Ministry of Commerce organizing a contest through the "Digikamp.gov.tr" website, saying "We are looking for the stars of the digital".

 

[AudraMiller]

If this is successful, it is goimg to put a smiling face in their economy. I love it how there are loads of investors entering the cryptocurrency market at the closing stages of the year

Yes the number of investors into the crypto market in the ending of this year has increased drastically from anything that we have seen in the past and that is the reason why the market values are increasing to such a large extent as well. It is my opinion that countries creating coins of this nature will create a very valuable relationship with the crypto world that will be very beneficial to their economy.

 

[aryan4]

World Bank,
According to the description of some institutions in pretty good condition for Turkey's economy. They have a huge economy. But I guess they haven't taken much steps about digital money yet.

 

[Wisdom01]

I think they are on the right path of creating their own digital currency and it could be helpful most especially in this time of the pandemic , due to social distancing