After El Salvador’s president visited Turkey last week, there was high speculation that Turkey would reveal its crypto policy.
Both the Presidents and leaders from Turkey’s governing party gathered earlier this week to discuss the metaverse, with the president pushing for a full investigation, according to Yahoo!
Turkey’s President Erdoğan said they have instructed the governing party to research the metaverse, cryptocurrencies, and how they are used in transactions. The decision comes after Turks rushed to cryptocurrency to avoid the lira’s recent plunge as inflation reached a 19-year high.
Erdogan also mentioned that they have directed officials to investigate the outcomes, which has far-reaching implications for the future. The economic elements of the metaverse, cryptocurrency, and social media will most likely be discussed in a forum.
According to the article, thousands of virtual colonies in Turkey, most of which are located in the historic former capital of Istanbul, have already been purchased through game-based metaverse platforms.
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