Recep Tayyip Erdoan, the president of Turkey, has confirmed the crypto law draft will get to the parliament without any further delay, upon implementation, the law will bring about an economic model to help the native currency’s falling value.
President Erdoan told a press conference in Istanbul that he wants to change the way the country does business. The Turkish lira has been falling in value. Erdoan told local media NTV that the cryptocurrency bill is ready, and he said that it will be signed soon.
“We will take steps on this issue by sending it to Parliament without delay.”
Erdoan said that the country’s recent inflationary episode isn’t about math, but about how things work. This implies that the value of the lira could rise in the future.
“With this understanding, we intend to channel it to a dry spot. But the exchange rate will find its own price on the market.”
With the new crypto law, the president wants Turkey to become one of the top 10 countries in the world. This is because of the new law.
He said that he planned to follow the people who change the labels on the price list organizers several times a day. He talked about how prices in the region were going up. “We want them to stop raising the dollar now,” he said.