Baku, Azerbaijan, Dec 15
By Rufiz Hafizoglu - Trend:
Cryptocurrency, which has recently gained great popularity, doesn't have material security and can become object of speculation, the Ministry of Economy of Turkey told Trend Dec 15.
The ministry further said that currency, which has no material security, and which is not backed up, can not be the basis for healthy economy.
Previously, Deputy Chairman of the National Movement Party (MHP) of Turkey, Ahmet Kenan Tanrikulu, called on the authorities of the country to create a cryptocurrency exchange for trading bitcoins.
Ahmet Kenan Tanrikulu believes that the creation of crypto-exchange is in the interests of Turkey, which intends to develop its economy.
Tanrikulu noted that there are already a number of companies and hotels in Turkey where it is possible to conduct financial transactions with cryptocurrency.
One of the largest exchanges in Turkey is the Istanbul Stock Exchange (Borsa İstanbul), established on April 3, 2013 as a result of the merger of the Istanbul Stock Exchange (İstanbul Menkul Kıymetler Borsası, IMKB), the Istanbul Stock Exchange of gold (İstanbul Altın Borsası, İAB) and Exchange of derivatives (Vadeli İşlem Opsiyon Borasi, VOB).
Shareholders of Borsa Istanbul are the government of Turkey - 49 percent, IMKB - 41 percent, VOB - 5 percent, IMKB members - 4 percent, IMKB brokers -1 percent, and IAB members - 0.3 percent.
Crypto exchanges operate successfully in the US, China, Spain, Italy, France, the Republic of Korea and other countries.