Turkey working on their own digital by end of 2020

[posi]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

[1715634622]

1715634622

[Pearls Before Swine]

Every country in the world could create their own crypto, but none could hold a candle to bitcoin. 

These state sponsored coins are just going to be centralized versions of crypto, and their real purpose is likely to track people's purchases with pinpoint accuracy, something they currently can't do if people are using physical cash.  Do any of you think this is a good thing?  I don't.  So let Turkey and China have their coins and see how that works out for them.  As long as bitcoin is around (and cash for that matter), I won't be supporting a gov't cryptocurrency. 

Privacy is rapidly becoming a thing of the past, and there's probably no debate going on about this, is there?

[g4r1n1m]

im really not surprised.. eventually every country will have its own stable coin
the race has begun a lot of time ago, the real winners will be the early adopters of blockchain technology
(its us)

[albrots]

Each country can make their own coins easily and are managed under the auspices of the government. The stable coin created can be used for all digital transactions. Developed and developing countries are interested in technology owned by blockchain. So for the future, the possibility of BLCockchain technology and its legality will be debated.

[antsam]

The presence of Blockchain with crypto currency cannot be dammed, because it is part of technological advances that must be ready to be accepted or will be left behind. I think that inevitably many countries will start adopting crypto currencies, so that they can control them more

[yazher]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

This is just the start, I think most of the capable countries most of them will follow the footstep of these two powerful countries by next year.
They need to get on the trend if they don't want to be left behind by the world's most powerful countries. this is the era we will hoping to see next year, 2020 will be the year of most of the capable countries making its own digital currency. I wonder when will our country join this innovation.

[sazonk]

It is very interesting that China and Turkey are competing to make crypto-based digital currencies, but however it is made it still will not be able to drop Bitcoin as a major crypto. And it's strange why they make digital currencies while they know the risks with digital money especially crypto based, prices will not be certain, which obviously will lead to state economic instability if everything is based on crypto and especially based on blockchain technology. Yes, except they can already make counter coins for BTC or ETH. And of course if the majority of Bitcoin holders in the world can monopolize the price of BTC it is the same as monopolizing the economic condition of a country. That's what distinguishes Bitcoin as a digital asset and not for physical assets that can be used for everyday purposes because of the uncertainty of the price of BTC or crypto itself.

[CryptopreneurBrainboss]

Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.

Aren't the so called big boys in the cryptocurrency space already an exact of what you just described? Ripple (XRP) and EOS are an example of a centralized cryptocurrency yet the community is patronizing them. If this is what we have to sacrifice for the adoption of cryptocurrency globally then I'm ok with government owned cryptocurrency although that doesn't mean I would be patronizing them. The development of this national cryptocurrency will skyrocket the awareness on cryptocurrency and probably enlightening more individual on digital currency.

We needs this government centralized coins so more individual can realize how important bitcoin is since it isn't operated in the manner those centralized coins would be. While bitcoin provides freedom, the government issued coin would just be a replica of fiat (mode of operation) on blockchain probably stablecoins.

[LbtalkL]

Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.

If it is centralized who cares just don't use it, but the good thing is, it will spread crypto awareness in the whole nation or the world, everyone will be curious and start learning about cryptocurrency especially bitcoin. People will search for history and will find and end up with the real thing which is BTC. This is a free marketing for bitcoin 

[Zeke_23]

Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.

If it is centralized who cares just don't use it, but the good thing is, it will spread crypto awareness in the whole nation or the world, everyone will be curious and start learning about cryptocurrency especially bitcoin. People will search for history and will find and end up with the real thing which is BTC. This is a free marketing for bitcoin 

Why not, if their creation of centralized coin can help us in many ways, why not?
It is not something that can affect bitcoin or any other currency, regulation from the government is not that bad, actually it can also help to avoid illegal activities such as scam project and so on.
If every country will create their own centralized coin, it is also for the good of crypto. At least crypto is starting to expand and started to adopt by many countries.

[Bttzed03]

It's a race now to whoever adapts to the technology and launch their own digital currency now.

The urgency might have been caused by Libra also.

~
the question is will more countries also creating their own national cryptocurrency?

From that same source you provided:

Last week, an association of over 200 German private banks called for a digital euro. The U.S. Federal Reserve is also apparently researching how to integrate digital currencies to its retail payments as it is hiring a manager for the initiative.

[Eugenar]

Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.

Basically it is a step to turn their fiat into cryptocurrency. Not for the sake of being centralized and some characteristics that privacy coin mostly has. The main advantage they can see is to make their transactions much more efficient in terms of speed and reliability. The government will not and never support their own crypto if they will not have control over it in such a way that they need to regulate it for the sake of their economic stability and improvements.

[Sacramentus]

Well that's a good news and should be a plus to the cryptocurrency world as a whole. I also believe the Chinese move in making cryptocurrency a legal thing in the country will change some countries like India over regulatory compliance on cryptocurrency

[acdc]

Venezuela has previously issued a Petro currency. This coin was backed by the mine, but it was unable to achieve success. I think the Turkish currency will experience the same result, it seems that people don't like a centralized cryptocurrency managed by a government.
However, this could bring a positive result to the cryptocurrency market and Blockchain technology, through which the cryptocurrency and blockchain technology will become more known.

[Christinebeauty]

Indeed more and more countries are joining the train. Binance has also announced its partnership with Ukrainian government to provide an advisory role in their upcoming finances digitization and crypto regulations. https://cryptopress.news/binance-to-play-advisory-role-in-the-upcoming-ukraine-crypto-regulations/

[Shasha80]

This is good news for the development of cryptocurrency, after China which intends to make its own cryptocurrency coin. Now turn
Turkey follows in the footsteps of China by making coins for their own countries. This is positive growth for development cryptocurrency,
because I am sure that soon there will be other countries that will also make their own cryptocurrency. Let it be all countries make their
own centralized coins, I'm sure none of them can beat bitcoin. There will be accelerating cryptocurrency and blockchain technology is
legal worldwide.

[caffu chino]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

if later China and Turkey succeed in releasing their crypto currency. and positive public response, there will probably be many countries that will follow their lead. especially their competitors, the US. You know that country always didn't want to lose in any field. so if it's about the technology of the future, the US will not stand by and just watch, surely they will do something.

[VanDeinsberg12]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

I never heard if the IMF boss has already advised the country to create their crypto. As far as I know, this to help the country to defend its country from an embargo that has already happened. Turki is also a country which is near from the crisis.

I never think if IMF boss gives advice for a country to create their own crypto because so many bankers are feeling contradicted with it. For me, it can't be a strong reason why more country is interesting to issue its own nation cryptocurrency.

We have so many things to be discussed. May I know where are you getting that rumour if IMF boss is giving it? I meant about advice that already mentioned in your post.

[ecnalubma]

Definitely most countries will transform their monetary system through digital assets. The bold move of Chinese government is strong influence that soon more countries will follow same path. But yet digital currencies will have no problem and can coexist with Bitcoin but probably citizens will still prefer holding speculative digital assets.

[No Pain No blood]

more and more countries have begun to participate in the development of the blockchain. maybe this can make mass adoption happen in the future. China, Turkey and maybe soon the US and other European countries will also join in this race. When the crypto market started to mature, many positive things happened, I was very happy to hear that.

[zero714309]

Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.

At first time im hearing about country created own crypto im very happy because i think people will more open mind in digital currency but after read your opinian i feel bad. I think your opinian almost true. This is fact we need more pay attention.

[takngantuk]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Turkey's steps are very good. I hope they can become a crypto-friendly country in the future. since China said even his country would focus on developing the blockchain, many countries began to be interested in developing this technology.

[dimonstration]

Definitely most countries will transform their monetary system through digital assets. The bold move of Chinese government is strong influence that soon more countries will follow same path. But yet digital currencies will have no problem and can coexist with Bitcoin but probably citizens will still prefer holding speculative digital assets.

The fear is when every country create their own centralized coin they might ban crypto since it's their way to operate and monitor the currencies that are used by their people, but if they only want a way o use blockchain and not to ne left out on it's potential usage then it's really a good decision in Turkey.

[Obito]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

National cryptocurrency? Well will it be valuable to non chinese or non turkey citizen? Still a great news. I thought China wayback then shuts down crypto currency even in the mainland. Maybe this was influenced by China truly a new revolution. Venezuela from what I heard started already accepting Bitcoin, and in mid 2020 there will be a halving I think it would be a golden year for crypto currency community I hope so.

[irixo10]

Well this is a good news however one needs to fully understand the working principles of these countries digital currency so that one won't end up loosing all privacy etc. From another angle, this will give or throw more limelight to the crypto space and when people gets educated and finds out Bitcoin is better it will attract more growth to the crypto space. Furthermore, I think other countries will also be thinking of creating theirs because no one will like to lose out.

[shoreno]

Well this is a good news however one needs to fully understand the working principles of these countries digital currency so that one won't end up loosing all privacy etc. From another angle, this will give or throw more limelight to the crypto space and when people gets educated and finds out Bitcoin is better it will attract more growth to the crypto space. Furthermore, I think other countries will also be thinking of creating theirs because no one will like to lose out.

 a good news ? no i dont consider it as one  . i feel that its bad if a country creates thier own crypto because they can ask people to support it and refrain from using the traditional cryptos  but this is only my what if's and maybe people can still refrain from the offer of thier governments and they will still prefer to choose cryptos  .  china and other countries before have done this idea right  ? but i dont seen any updates from them about the status of thier coins .

[huu78]

I'm sure other countries will follow China and make their own currency to compete and hope to cope with the price of their fiat which is always down.
But if the state makes its national currency only to replace Bitcoins in that country using the currency they make. Where Bitcoin is the pioneer of cryptocurrency itself and they want to get rid of it I think impossible.

[tinyteapot]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race

On the contrary Turkey announces its own blockchain before the chinese government https://cointelegraph.com/news/turkey-announces-plans-for-a-national-blockchain-infrastructure though their announcement did not drive the market price.

will more countries also creating their own national cryptocurrency?

More countries shall be showing interest as soon as China implement their own blockchain. We should expect so many other problems/challenges after each countries implement their blockchain because government are know to be greedy and self centered.

[Ferris419]

I am still confused that is national currency will be good for the crypto market or bad! When a government creates a digital coin that means that it will be backed by a dollar or they will control it! A government Won't create totally decentralized currency! I am sure that more countries will follow China's movements! 

[tenakha]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

This will be good in terms of mass adoption, but on the other hand I am afraid of its bad impact on the decentralized world. If all governments join in this trend and everyone has their own digital money, others will not be given the occasion and will do anything to exploit their digital money. Therefore, what concerns me in this case is the future location of decentralization, and unfortunately, it does not look bright to me at all.

[Emmy92]

The only thing I see good with this news is that it shows that of a truth digital currency or cryptocurrencies are doing a good work or filling a huge void in our everyday lives. Apart from this, one needs to be careful with these government owned coins because it will be highly centralized. Also, with these countries taking this step, will make other countries to follow suit and in all, will show that indeed Bitcoin is the only truly decentralized cryptocurrency.

[Wysi]

Well this is a good news however one needs to fully understand the working principles of these countries digital currency so that one won't end up loosing all privacy etc. From another angle, this will give or throw more limelight to the crypto space and when people gets educated and finds out Bitcoin is better it will attract more growth to the crypto space. Furthermore, I think other countries will also be thinking of creating theirs because no one will like to lose out.

Whenever a country says they are adopting blockchain technology or working in it they mean to create their own digital currency in order to stay up to the latest technology and now this news of China embracing blockchain technology has spread like a wildfire and there will be more countries who will follow the same in order stay up to date with modern technology and definitely this will benefit crypto as one the users studies more they will understand the benefit of crypto over centralized digital currency.

[Aabcde]

I am sure other countries will soon follow when China and Turkey succeed in implementing the blockchain in their countries.
There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.

[saint_casanova]

Only under pressure of sanctions that countries start to pay attention to digital asset/cryptocurrency. Same thing with China as they also turn 180* about Bitcoin, remove restrictions on it and not so hell-bent on banning it.

[posi]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

I never heard if the IMF boss has already advised the country to create their crypto. As far as I know, this to help the country to defend its country from an embargo that has already happened. Turki is also a country which is near from the crisis.


I never think if IMF boss gives advice for a country to create their own crypto because so many bankers are feeling contradicted with it. For me, it can't be a strong reason why more country is interesting to issue its own nation cryptocurrency.

We have so many things to be discussed. May I know where are you getting that rumour if IMF boss is giving it? I meant about advice that already mentioned in your post.

Christine Lagarde (IMF boss) make the advising statement last year November and a couple of countries about 20 if I can still remember correctly which China and Turkey was among vows to create their own national crypto then.
Meanwhile, the huge number of bankers which are against crypto by ignoring it better was the reason why she make that statement then.

Indeed more and more countries are joining the train. Binance has also announced its partnership with Ukrainian government to provide an advisory role in their upcoming finances digitization and crypto regulations. https://cryptopress.news/binance-to-play-advisory-role-in-the-upcoming-ukraine-crypto-regulations/

This is definitely also a big one and I'm sure the binance partnership with the Ukrainian government will yield something good to the crypto space.

[CjMapope]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Here we go i guess!  look for the next 10 years all sorts of countries to follow China in making a reserve currency
the temptation is too great, talk about greed tho, they already, by control of their countries mints, inflated most of their currencies to worthless status
Now they are making up NEW money systems to do it again.  Crazy greedy govs are

[hulla]

Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.

Aren't the so called big boys in the cryptocurrency space already an exact of what you just described? Ripple (XRP) and EOS are an example of a centralized cryptocurrency yet the community is patronizing them. If this is what we have to sacrifice for the adoption of cryptocurrency globally then I'm ok with government owned cryptocurrency although that doesn't mean I would be patronizing them. The development of this national cryptocurrency will skyrocket the awareness on cryptocurrency and probably enlightening more individual on digital currency.

We needs this government centralized coins so more individual can realize how important bitcoin is since it isn't operated in the manner those centralized coins would be. While bitcoin provides freedom, the government issued coin would just be a replica of fiat (mode of operation) on blockchain probably stablecoins.

You guys both make a good point and I don't think we should only focus on the centralized side of the coin which will be create by the government but the recognition and global awareness of blockchain and cryptocurrency which government issued coin will generate.

[suzanne5223]

Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.

Basically it is a step to turn their fiat into cryptocurrency. Not for the sake of being centralized and some characteristics that privacy coin mostly has. The main advantage they can see is to make their transactions much more efficient in terms of speed and reliability. The government will not and never support their own crypto if they will not have control over it in such a way that they need to regulate it for the sake of their economic stability and improvements.

The issue is the main governments that are starting to rally behind their own state ran crypto are countries that are full of civil unrest and pseudo dictatorships. This doesn't bode well for their freedom, the government will create the wallets and tie them to individuals, they can then easily look at any person of interest and watch all of their transactions. This will definitely be used maliciously by these governments against people they don't like. You think they won't have copies of their private keys as well? They could easily load up a wallet sending transactions to drug dealers (or what have you let your imagination go wild) wallets who get arrested a week later and then and say oh look here their wallet showed a transaction from well known political activist, were going to have to go get him.

I don't trust this shit at all.

You might be right due to the role played by the government in terms of centralization but we can't know what will really happen if we don't give them another chance cause we can't judge people with what are they once were but who they are.
Mind you, people won't be force to use the national digital coin, for crypto to be mainstream of payments need something like this and if the governments create their own crypto is a plus for the whole community and crypto user.

[Meowth05]

I am sure other countries will soon follow when China and Turkey succeed in implementing the blockchain in their countries.
There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.

It seems government are now seeing the capabilities of Blockchain technology, this could now be now the beginning of digitalization of currency. They create their own cryptocurrency probably because they want to replace or simply dethrone the leading decentralized currency which is Bitcoin. They want to create a cryptocurrency for their people that can be regulated unlike Bitcoin.

[hulla]

I am sure other countries will soon follow when China and Turkey succeed in implementing the blockchain in their countries.
There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.

It seems government are now seeing the capabilities of Blockchain technology, this could now be now the beginning of digitalization of currency. They create their own cryptocurrency probably because they want to replace or simply dethrone the leading decentralized currency which is Bitcoin. They want to create a cryptocurrency for their people that can be regulated unlike Bitcoin.

The last time I checked the governments which are planning to create their own national digital currency are not planning to replace or dethrone bitcoin but planning to join the crypto race in other not to be left out of the new innovation and also to avoid their national currency been obsolete.

[DDante]

Same as china, well what can i say than this is a good news, its finally coming to reality and i feel good about the future of crypto and blockchain especially 2020 bitcoin halving

[bigcash2011]

I think majority of countries will have came up with their national crypto or some will merge their crypto on the basis of region, i would also be excited to hear about new king of legal and regulated exchanges where we can exchange all these national or regional cryptos from and to each other.

[posi]

I think majority of countries will have came up with their national crypto or some will merge their crypto on the basis of region, i would also be excited to hear about new king of legal and regulated exchanges where we can exchange all these national or regional cryptos from and to each other.

I don't understand what you mean by new king of legal and regulated exchanges but both the countries which name were mentioned will definitely have their national crypto available on exchange which KYC and AML features.

[aemma]

Countries nowadays are building their own digital currency; but what does this mean actually? I see it from two perspective, first it shows that blockchain really opened the eyes of the world to more possibilities. Secondly, I see this as a means to more centralization, because these countries will try their best to ensure they monitor their citizens. However, with Bitcoin and other privacy coins, users will still be able to maintain a degree of privacy.

[laskybok]

If Turkey is coming out to do this, I believe more countries will start considering to do launch theirs too. China opened the floor for others to follow to do the same. A time is coming the cryptocurrency that many thought might not last long, will turn to what people are running after.

[BitHodler]

Same as china, well what can i say than this is a good news, its finally coming to reality and i feel good about the future of crypto and blockchain especially 2020 bitcoin halving

It is not good news.... everything countries end up launching is solely meant to further enslave the people using it because governments have more control over their financial system than ever before.

Currently they control the financial system through regulations where financial institutions have to comply with every single law, but this burdensome form of control has many weaknesses that are being exploited left and right.

By having full control over the network directly, they can force through changes effective immediately, either for or against you (mostly against you). It feels good to have Bitcoin as alternative.... it's an escape from this tyranny.

[Aabcde]

I am sure other countries will soon follow when China and Turkey succeed in implementing the blockchain in their countries.
There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.

It seems government are now seeing the capabilities of Blockchain technology, this could now be now the beginning of digitalization of currency. They create their own cryptocurrency probably because they want to replace or simply dethrone the leading decentralized currency which is Bitcoin. They want to create a cryptocurrency for their people that can be regulated unlike Bitcoin.

The last time I checked the governments which are planning to create their own national digital currency are not planning to replace or dethrone bitcoin but planning to join the crypto race in other not to be left out of the new innovation and also to avoid their national currency been obsolete.

Yes, right. To replace bitcoin is too impossible for a country, the problem is that bitcoin is adopted with a global scale while the use of a country's crypto is only limited to its people. From this, it is clear that bitcoin is difficult to replace.
In addition, a country's crypto is certainly a stable coin rather than a volatile commodity such as bitcoin. So for the people who like to trade, bitcoin is more profitable than the crypto of a country. Because at Stablecoin there is no significant price that can give market excitement because of profit.

[yulionoo]

cryptocurrency with blockhain technology has attracted many countries to create their own cryptocurrency. and after China now Turkey will also make its own crypto. I'm not too surprised because we know that 20% of cryptocurrency users are Turkish citizens. so do not be surprised if at this time they will make their own crypto. with more and more countries making their own crypto I think it will make the cryptocurrency market more crowded. but I'm sure those stable coins won't be able to beat bitcoin. bitcoin will remain the king of cryptocurrency.

[magicrypto]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Right, it is a new trend right now, i think in near future most of the countries will launch their own cryptocurrencies, but what it changes?! Currency which is totally centralized and regulated..

[bettercrypto]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Will see it if ever it successfully launch in 2020. This will be a great news because the countries gradually embracing the beauty of digital currency. Turkey is a large country and I am sure if it will enter this industry, then it will be benificial for cryptocurrency users and traders. Regardless with the competition in libra and bitcoin, I think soon the development from digital currency will arise.

[jazmuzika217]

I think the reason why countries are now creating their own crypto is they the opportunity that they need to change their life in terms of investment and daily transactions that be more easy. And the there is also a good benefits to the netizens and users if their country launched their own crypto and one of those benefits is legalization and wide acceptance.

[upyem2k]

Just like it is believed that blockchain technology is the future of the world, every countries that doesn't want to keep dwelling in the past will sure embrace cryptocurrency in order not to be behind when the blockchain revolution truly arrives.

[sana54210]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Since bitcoin has become so terrifying to them, these are just methods being derived by these countries to flood the market with centralized currency and the reason why they are quickly doing that is because of the people that are yet to know about bitcoin in their own country which I know it is still quite much, so they want to quickly introduce the coin to them, but I believe they will fail in this their centralized projects.

This is not the first time we are seeing all these centralized projects, many of them has been released as we can see that we have close to 3000 projects in the market which most of them have even promised to do better than bitcoin, but even with all their promises, there is still nothing to write home about as many people would still prefer to use bitcoin.

[boltz]

Remember the race to south pole ? Now its a race to create its own currency for every country that gets involved into blockchain projects in order to try to be above Bitcoin , which will never happen even if its about USA , China , Turkey or Russia. However , the positive idea is that more countries are seeing blockchain as something they must develop in order to prepare their citizen to adopt cryptocurrencies ( even if in Turkey we know that there are a lot of cryptos supporters ) so I would expect more countries to join in this race in the next months/years.

[Snowwy]

Though any sovereign country cryptocurrency will be centrally managed, it's still a good news for the entire cryptocurrency industry. Countries should continue to make their centralized cryptocurrency and we also will continue to work on decentralized ones and at the end, blockchain technology will be the winners.

[nicecrypto]

Why suddenly some countries working on having their own crypto,  is this the best way of adoption? Why can't they work some good coin already existing in the market to give more strength to such project, I already read about China now I read about Turkey I wonder which country will be next in line. I hope this will bring positive things to crypto.

[ahyadinnn]

if some countries make their crypto, of course other countries will also follow it because surely they won't want to miss this advanced technology, I'm sure in the future other countries will make their crypto

[jootn2kx]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

These might be called cryptocurrencies, but they won't be real cryptos. Countries won't launch coins that they cannot control. We have already seen many times what cryptos launched by governments and major companies look like. Venezuela's Petro is one example. Facebook's Libra (while not launched yet) is another. China would rather shoot itself in the foot than release a real crypto, otherwise they would have just accepted BTC. These will be centralized coins controlled by governments and companies, nothing more.

[r32godzilla]

I do not understand what is happening. How they can say about these digital currencies that they are cryptocurrencies? Are they decentralized? Could be mined by everyone? Everyone has same rights in the ecosystem?

They already have digital money in their bank accounts, you can send them electronically? So what they are really creating?

[plast555]

Yes, that is right,

Such countries, such as Venezuela, Turkey, etc., are showing more interest in the cryptocurrency as inflation is very high.

Therefore, these economically weak countries are trying to improve their economies by using blockchain technology.

Perhaps it will not be the ultimate solution, but it is worth trying.

[NewRanger]

Turkey following tunisia that will starting developt their own digital currency.more countries developt their digital currency it will give positive impact to crypto market,many investors thinking new era of currency usage will change soon.adoption in many countries should start after they issue their own currency.everything was changed now,and goverment must follow this changed,so their country will be more competitive in internasional trade and rellation.

[tk808]

if some countries make their crypto, of course other countries will also follow it because surely they won't want to miss this advanced technology, I'm sure in the future other countries will make their crypto

China and Russia governments have announced their opinion for the currency backed digital crypto-asset but these rumours were not able to pass the rumours level, unfortunately. Maybe the new advanced technology of the developing countries will change the opinion of developed countries regarding the crypto-blockchain ecosystem and I am glad to see real work by Turkey.

Almost all governments probably have some working group examining how blockchain and concurrently a digital currency can benefit their economies. In the examples of these types of countries using blockchain first, helps ultimately reduce corruption and in some circumstances, greatly enhances surveillance of their peoples. Regardless, as foretold several years ago by many in these forums, blockchain technology is revolutionary and will be adopted by the world. Crypto and digitial currencies are just one use-case. 

In the case for China, China is creating a crypto for more power, influence and control. Concurrently, China is evolving at a very rapid tech-pace, in many regards passing the U.S., but using their advancements to further hold onto their power, out of fear from outside influence and more recently, issues like HK.


The social credits system, a digital currency that will most definitely be tracked and etc. While what has been stated by China is great, the intent and purpose... use of blockchain/crypto is fundamentally and ideologically incompatible for what crypto inherently stands for.

[posi]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Since bitcoin has become so terrifying to them, these are just methods being derived by these countries to flood the market with centralized currency and the reason why they are quickly doing that is because of the people that are yet to know about bitcoin in their own country which I know it is still quite much, so they want to quickly introduce the coin to them, but I believe they will fail in this their centralized projects.

This is not the first time we are seeing all these centralized projects, many of them has been released as we can see that we have close to 3000 projects in the market which most of them have even promised to do better than bitcoin, but even with all their promises, there is still nothing to write home about as many people would still prefer to use bitcoin.

The last time i checked Turkish was not terrified by bitcoin but the Chinese government and i believe the reason why most of the countries are planning to create their own national currency was because of the cashless payments which have increased over the years and crypto offer almost immediate, safe and cheap transaction (the reason for the increased in numbers of crypto user in the US is a good example).

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Will see it if ever it successfully launch in 2020. This will be a great news because the countries gradually embracing the beauty of digital currency. Turkey is a large country and I am sure if it will enter this industry, then it will be benificial for cryptocurrency users and traders. Regardless with the competition in libra and bitcoin, I think soon the development from digital currency will arise.

Yes, this is will be huge plus for to the crypto sphere but i don't see any form of competition between Libra coin and bitcoin cause Libra is just an altcoin which it future success level is not even guarantee.

[Katashi]

It's not a surprise for me if every country creates its own digital currency after the Chinese government statement, all of them have a single purpose which is to have full control over this modern system using blockchain technology. I'm not totally against it because somehow I think their action will make a good impact on mass adoption for cryptocurrency since they will have to enlighten their citizens on how to use digital currency.

[uray]

im really not surprised.. eventually every country will have its own stable coin
the race has begun a lot of time ago, the real winners will be the early adopters of blockchain technology
(its us)

If all the countries are trying to come up with their version of stable coin how transparent that can be and what they will be backing to make it stable, all the markets move on a daily basis including gold and how you consider those assets stable even if they are backed by those and how things will go in the future is a puzzle for me. Sure all the countries will come up with their version of digital coin but how they will battle each other is to be seen.

[adjed]

I knew that the Chinese Cryptocurrency project would be a wake-up call for numerous countries to jump on the bandwagon, even those that has the capability and those that do not, it would be interesting to see how this all ends up, which country would come out at the top smelling like roses and which country's Cryptocurrency project would go down in a blaze of glory,, the Cryptocurrency space is maturing and this is one of the first steps, we are gradually inching towards worldwide adoption and it's amazing to be here to watch it happen.

[dataispower]

Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.

This makes sense buddy, these very centralized cryptocurrency systems are defeating the original aim for enacting crypto (Bitcoin as the pace setter). Well, since they will be acceptable by their jurisdictions, it creates more awareness and adoption for crypto, not necessarily posing a threat to Bitcoin.
 

[Drai]

Truly the Chinese are a very powerful set of people and even though they have been against Cryptocurrencies for years, it was discovered that the Chinese are one of the driving forces of Cryptocurrencies, so now that they have officially madre their interest in Cryptocurrencies and blockchain known, other countries are rushing and falling all over themselves to pick up the trend before it becomes too late, I am still waiting to see what the US would do, continue to pretend as if blockchain doesn't matter or take an official stand for or against it.

[suzanne5223]

Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.

Basically it is a step to turn their fiat into cryptocurrency. Not for the sake of being centralized and some characteristics that privacy coin mostly has. The main advantage they can see is to make their transactions much more efficient in terms of speed and reliability. The government will not and never support their own crypto if they will not have control over it in such a way that they need to regulate it for the sake of their economic stability and improvements.

The issue is the main governments that are starting to rally behind their own state ran crypto are countries that are full of civil unrest and pseudo dictatorships. This doesn't bode well for their freedom, the government will create the wallets and tie them to individuals, they can then easily look at any person of interest and watch all of their transactions. This will definitely be used maliciously by these governments against people they don't like. You think they won't have copies of their private keys as well? They could easily load up a wallet sending transactions to drug dealers (or what have you let your imagination go wild) wallets who get arrested a week later and then and say oh look here their wallet showed a transaction from well known political activist, were going to have to go get him.

I don't trust this shit at all.

You might be right due to the role played by the government in terms of centralization but we can't know what will really happen if we don't give them another chance cause we can't judge people with what are they once were but who they are.
Mind you, people won't be force to use the national digital coin, for crypto to be mainstream of payments need something like this and if the governments create their own crypto is a plus for the whole community and crypto user.

It's not up to us or even the people in that country, that's why it's a dictatorship. It's their choices and control over everything. They don't care what anyone thinks.

Yes, you're right because when it comes to the government issue the citizens opinion don't count but if the government create national digital currency it will give crypto better exposure.

if some countries make their crypto, of course other countries will also follow it because surely they won't want to miss this advanced technology, I'm sure in the future other countries will make their crypto

China and Russia governments have announced their opinion for the currency backed digital crypto-asset but these rumours were not able to pass the rumours level, unfortunately. Maybe the new advanced technology of the developing countries will change the opinion of developed countries regarding the crypto-blockchain ecosystem and I am glad to see real work by Turkey.

Almost all governments probably have some working group examining how blockchain and concurrently a digital currency can benefit their economies. In the examples of these types of countries using blockchain first, helps ultimately reduce corruption and in some circumstances, greatly enhances surveillance of their peoples. Regardless, as foretold several years ago by many in these forums, blockchain technology is revolutionary and will be adopted by the world. Crypto and digitial currencies are just one use-case. 

In the case for China, China is creating a crypto for more power, influence and control. Concurrently, China is evolving at a very rapid tech-pace, in many regards passing the U.S., but using their advancements to further hold onto their power, out of fear from outside influence and more recently, issues like HK.


The social credits system, a digital currency that will most definitely be tracked and etc. While what has been stated by China is great, the intent and purpose... use of blockchain/crypto is fundamentally and ideologically incompatible for what crypto inherently stands for.

Governments issued crypto currency will enhances government surveillance of their peoples and a senior crypto enthusiast once said for crypto to be mainstream of payment it will require a little sacrifice and people can still decide if they cherish their anonymity by avoiding the government digital currency.

[logicgate]

I believe this competition is not only for China and Turkey, other countries I believe are in research and following this trend. There will be times when countries will publish their respective cryptocurrencies. At present all government parties are in the making prototypes stage and in time they will simultaneously launch if there are legalits from the world bank.

I have came across few names too. Ecuador, China, Senegal, Singapore, Tunisia, Estonia, Japan, Palestine, Russia and Sweden, Japan, South Korea, Thailand and Turkey are some of the countries that have either already introduced their own digital coin or about to release them soon. The list is just getting started and it wont take long before it expands to all nations. Finally, we are moving towards the era of digital currencies. 

[electronicash]

if they have to create government crypto coins, they better have their own blockchain that is easy to watch by everyone and not the private blockchain. the number of governments trying to at least adopt the blockchain is growing. digital Lira, digital Euro and digital yuan. I guess the US is going to be creating since they already have USD stablecoins.

[plast555]

Turkey following tunisia that will starting developt their own digital currency.more countries developt their digital currency it will give positive impact to crypto market,many investors thinking new era of currency usage will change soon.adoption in many countries should start after they issue their own currency.everything was changed now,and goverment must follow this changed,so their country will be more competitive in internasional trade and rellation.

Before that, the Bank of China announced that it would adapt to the cryptocurrencies. The Chinese government will soon launch its cryptocurrency.

Although this affects positively the crypto world that is driven by speculation, I am not sure whether it will change the country in question. Especially countries like Turkey does not have a strong economy like China.

So the only crypto-currency may not be liberation for countries like Turkey but can be considered as positive news.

[jr.coastapps]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Actually, I'm confused here. Why most of the countries trying to own cryptocurrency because already lots of crypto available on the crypto world?

[awik p]

Turkey following tunisia that will starting developt their own digital currency.more countries developt their digital currency it will give positive impact to crypto market,many investors thinking new era of currency usage will change soon.adoption in many countries should start after they issue their own currency.everything was changed now,and goverment must follow this changed,so their country will be more competitive in internasional trade and rellation.

Before that, the Bank of China announced that it would adapt to the cryptocurrencies. The Chinese government will soon launch its cryptocurrency.

Although this affects positively the crypto world that is driven by speculation, I am not sure whether it will change the country in question. Especially countries like Turkey does not have a strong economy like China.

So the only crypto-currency may not be liberation for countries like Turkey but can be considered as positive news.

Although Turkey is not a strong country like China, but if the steps taken by Turkey are adopted by many countries, it will make changes in the crypto world. As for China, I think there is no doubt, because 70% of the crypto rotation originates from that country. at least Turkey has taken a positive step in the world of crypto, hopefully other countries will follow

[bittick]

Turkey following tunisia that will starting developt their own digital currency.more countries developt their digital currency it will give positive impact to crypto market,many investors thinking new era of currency usage will change soon.adoption in many countries should start after they issue their own currency.everything was changed now,and goverment must follow this changed,so their country will be more competitive in internasional trade and rellation.

Before that, the Bank of China announced that it would adapt to the cryptocurrencies. The Chinese government will soon launch its cryptocurrency.

Although this affects positively the crypto world that is driven by speculation, I am not sure whether it will change the country in question. Especially countries like Turkey does not have a strong economy like China.

So the only crypto-currency may not be liberation for countries like Turkey but can be considered as positive news.

Although Turkey is not a strong country like China, but if the steps taken by Turkey are adopted by many countries, it will make changes in the crypto world. As for China, I think there is no doubt, because 70% of the crypto rotation originates from that country. at least Turkey has taken a positive step in the world of crypto, hopefully other countries will follow

The question is how long those countries will adopt crypto-like turkey? That's still a plan and every time the plan can be changed depends on the situation. Turkey is not contributing a lot to the icos. Another country might have the different opinion than turkey to adopt crypto.
It may take a few years later to see another country will follow this step.

[Darlingtona]

This is great and this would definitely bring more growth in Cryptocurrency as many countries are adopting the system and I just hope those yet to join also do the needful. This is incredible I must say

[Tipstar]

Turkey is going to be the next superpower. They are the only neutral growing economy who has good relation with both US and Russia, Asia and Europe, Shia and Sunnis, Saudi and Iran, Jews and Syrians, gas and oil.
They are the link of east to west and north to south and they need now to take the lead to turn the world economics towards a crypto led economy. Turkey could use it's own crypto to trade with multiple partners.

[duuuuude]

State cryptocurrency is when paper money seems much more anonymous. As always the state benefits from this unilaterally. But in any case the currency will completely switch to digital, so you can forget about anonymity.

[audaciousbeing]

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Of course more and more countries will be creating their own crypto currency till the entire market becomes polarized and at that point it might be a demon that will be difficult to manage because since its going to be fully digital and in the hands of government, I am not sure they would be willing to create a cap for it and also because the cost of creating more wouldn't be as much as we have it today which is one of the reasons why government does not just go ahead and produce paper currency, they might just be creating more to solve short term problem to create a long term one which is my fear. Also, the polarization and the independence we would see would make international exchange difficult and wouldn't be much different than we have it currently.

[posi]

State cryptocurrency is when paper money seems much more anonymous. As always the state benefits from this unilaterally. But in any case the currency will completely switch to digital, so you can forget about anonymity.

You're about the anonymity situation but I don't think the government will totally switch to digital currency and what I learned about the national digital currency is that the government issue it to seize the small tx fee and almost instant transaction with other benefit crypto offered.

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Of course more and more countries will be creating their own crypto currency till the entire market becomes polarized and at that point it might be a demon that will be difficult to manage because since its going to be fully digital and in the hands of government, I am not sure they would be willing to create a cap for it and also because the cost of creating more wouldn't be as much as we have it today which is one of the reasons why government does not just go ahead and produce paper currency, they might just be creating more to solve short term problem to create a long term one which is my fear. Also, the polarization and the independence we would see would make international exchange difficult and wouldn't be much different than we have it currently.

The entire market won't be polarize cause the government will still issue fiat currency but it might not be as before the creation of their digital coin and in other to avoid more economic break down, their digital currency will definitely have cap but there's chance that they won't realize it to the public.

[tranduong123]

I read a report from a market research firm, saying that at least 18% of Turks own crypto asset investment, which is a very high level compared to the world. The Turkish Lira has also dropped uncontrollably. This could be the reason for the Turkish government to issue its own cryptocurrency.

[Doell]

The enthusiasm of government regarding digital money is a hot topic in various media although it will be centered in the same vision as fiat ,it never hurts to see how far the development will go this condition will also benefits bitcoin if everyone want to exchange to bitcoin so I think we can profitable too only time will prove it ,2030 digital crypto will be main payment in the world

[samcrypto]

The enthusiasm of government regarding digital money is a hot topic in various media although it will be centered in the same vision as fiat ,it never hurts to see how far the development will go this condition will also benefits bitcoin if everyone want to exchange to bitcoin so I think we can profitable too only time will prove it ,2030 digital crypto will be main payment in the world

Even if the government created their own coin, its true that the cryptomarket will still enjoy that adoption and as a whole it can go up. In the next 10 years cryptomarket will be more different and I do hope that its more on the positive side and more countries already using cryptocurrency and declare this as a legal transactions, I’m confident on this one.

[TrevorS]

The main reason for everything that is happening now is the digital asset race, which, in my opinion, was asked by the USA and China. Many countries now, especially the most developed ones, are striving to move their national currency into a fully digital field. As we can see, these will be stable coins, fully centralized, linked to the national currency of a particular country.
Such a currency will have a much greater level of flexibility than its physical embodiment, which can help such a currency become very common in the global economy, in the global circulation of such digital assets. Let's see who is the first to cope with this task.

[JeffBrad12]

I read a report from a market research firm, saying that at least 18% of Turks own crypto asset investment, which is a very high level compared to the world. The Turkish Lira has also dropped uncontrollably. This could be the reason for the Turkish government to issue its own cryptocurrency.

Totally understandable considering their currency Lira is kinda unstable and really prone to inflation. it's like whether you are choosing to stay with currency that's unstable and don't give you anything but instead losing your wealth or bitcoin with relatively the same volatility but have the chance of increasing your wealth.

[Zionatin]

The main reason for everything that is happening now is the digital asset race, which, in my opinion, was asked by the USA and China. Many countries now, especially the most developed ones, are striving to move their national currency into a fully digital field. As we can see, these will be stable coins, fully centralized, linked to the national currency of a particular country.
Such a currency will have a much greater level of flexibility than its physical embodiment, which can help such a currency become very common in the global economy, in the global circulation of such digital assets. Let's see who is the first to cope with this task.

Yes, they don't want to be left behind. This is the new technology and like you said it will move a nation to a fully digital field. They need to get there fast so people don't start using other currencies other than their official ones. I am not sure how that is going to work. I think it will take a long time to get a whole country to use digital currency but you could get people to exchange their fiat to the new digital currency if you have sort of booths like in an election where people go and instead of voting they convert their fiat. Maybe it will need to be made law? It would probably work like it does when a country redesigns their notes and those go into circulation.

[Prompyboo]

The main reason for everything that is happening now is the digital asset race, which, in my opinion, was asked by the USA and China. Many countries now, especially the most developed ones, are striving to move their national currency into a fully digital field. As we can see, these will be stable coins, fully centralized, linked to the national currency of a particular country.
Such a currency will have a much greater level of flexibility than its physical embodiment, which can help such a currency become very common in the global economy, in the global circulation of such digital assets. Let's see who is the first to cope with this task.

it's all very funny to watch. they all don’t understand that nobody will need their digital currencies, because cryptocurrency was created to be a universal payment tool all over the world. creating centralized stable coin in your country is the funniest idea of governments

[K4C]

I sincerely hope they wouldn't start acting like the Chinese who announced that they would be launching their own Cryptocurrencies in 2020 and then went ahead to wage a war against Cryptocurrencies operating in the region especially exchanges that has been operating on the region, Turkey looks like it wouldn't copy from the playbook of the Chinese though and I al excited to see how their Cryptocurrency would turn out.