Turkish Central Bank President: “Cryptocurrencies May Contribute to Financial - page 2.

BartS

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Quote from: squatz1 on November 03, 2017, 08:09:24 PM

Quote from: BartS on November 03, 2017, 05:57:45 PM

Quote from: sheld0n on November 03, 2017, 04:22:33 PM

Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies. According to local news outlets in Istanbul, the president of the Turkish central bank, the CBRT, said officials from the region are researching cryptocurrencies. Murat Cetinkaya explains that the CBRT has formed a research group consisting of digital asset market participants, Turkish government officials, and regulators. The country’s banking regulator has explained current financial law does not apply to bitcoin, but has cautioned Turkish citizens against using the currency. Now in a more positive light, president Cetinkaya says cryptocurrencies like bitcoin could “contribute to financial stability.”

This does not seem like a good news, since he is actively encouraging citizens of his country to not adopt bitcoin and to not use it, then he tries to rectify a little bit saying bitcoin can contribute to the economy and that is right, but bitcoin is going to contribute to help the people and not the governments that are there only to steal from the hardworking people which are always taken advantage of by politicians and bankers.

Well the notion that he is right in is the notion that Bitcoin can help the economy, though it's not like Bitcoin is going to be making jobs out of thin air. They're going to be taking jobs from other sectors, such as Credit Card processing, Paypal, etc and so on and so forth. Bitcoin is a pretty big net negative for the economy and for businesses.

And is it even suprising to see the HEAD OF THE FUCKING CENTRAL BANK being against something like this? He stands to lose all of his power if Bitcoin gains some traction in his country and takes over the #1 currency thing in their country. Sad, but it's true.

It makes sense that he is against bitcoin but at the same time governments should strive not to maintain their power but to help organize a better society, if they were honest and were serious about their mission they will understand that bitcoin is going to be a net positive for society since we are not going to need to have a government as big as it is now, but that is not what they care, they only care about their own well being and their own benefits which means they no longer fulfill its original mission and that is an even greater reason to make them smaller or in the case of some industries like banking to make them disappear.

pitiflin

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Quote from: sheld0n on November 03, 2017, 04:22:33 PM

Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies. According to local news outlets in Istanbul, the president of the Turkish central bank, the CBRT, said officials from the region are researching cryptocurrencies. Murat Cetinkaya explains that the CBRT has formed a research group consisting of digital asset market participants, Turkish government officials, and regulators. The country’s banking regulator has explained current financial law does not apply to bitcoin, but has cautioned Turkish citizens against using the currency. Now in a more positive light, president Cetinkaya says cryptocurrencies like bitcoin could “contribute to financial stability.”

It's Turkey, people won't even bother to care on what they are doing just because of the fact it's Turkey. Had it been the untied states, all its wannabe followers would have done the same(Am not mentioning any country or name). Power matters a lot in this world and people who are willing to do good things for everyone are not given much consideration sadly. Turkey wants to do good but does media spread a good word about it? No. I just wish that countries like turkey recognize the value and the potential of digital currencies and make optimum use of it.

Nahl

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so basically turkey government doesn't allowed their people to use bitcoin but after seeing good respond they looks change their mind with attempt to regulated bitcoin and possibly bitcoin will may have good contribute to turkey financial however sometimes i was jealous to see there was a country decide to accept and admit bitcoin because my country doesn't admit it and always be give suggestions to people to stop use bitcoin

mefulu

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Quote from: sheld0n on November 03, 2017, 04:22:33 PM

Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies. According to local news outlets in Istanbul, the president of the Turkish central bank, the CBRT, said officials from the region are researching cryptocurrencies. Murat Cetinkaya explains that the CBRT has formed a research group consisting of digital asset market participants, Turkish government officials, and regulators. The country’s banking regulator has explained current financial law does not apply to bitcoin, but has cautioned Turkish citizens against using the currency. Now in a more positive light, president Cetinkaya says cryptocurrencies like bitcoin could “contribute to financial stability.”

I'm following and good news is starting to happen. These are nice steps for bitcoin.

kripton766

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Yes this is my country They started talking. More news will be forthcoming soon.

pinkflower

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Did the Turkish president say how he thinks BTC can contribute to financial stability and why he thinks that is? I have been holding BTC for a while now, and its not contributing to my financial stability. Its good now because its on a bull run, but what if the bubble bursts?

There are other contributions that BTC can bring to society but because of high volatility, its not financial stability.

squatz1

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Flying Hellfish is a Commie

Quote from: BartS on November 03, 2017, 05:57:45 PM

Quote from: sheld0n on November 03, 2017, 04:22:33 PM

Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies. According to local news outlets in Istanbul, the president of the Turkish central bank, the CBRT, said officials from the region are researching cryptocurrencies. Murat Cetinkaya explains that the CBRT has formed a research group consisting of digital asset market participants, Turkish government officials, and regulators. The country’s banking regulator has explained current financial law does not apply to bitcoin, but has cautioned Turkish citizens against using the currency. Now in a more positive light, president Cetinkaya says cryptocurrencies like bitcoin could “contribute to financial stability.”

This does not seem like a good news, since he is actively encouraging citizens of his country to not adopt bitcoin and to not use it, then he tries to rectify a little bit saying bitcoin can contribute to the economy and that is right, but bitcoin is going to contribute to help the people and not the governments that are there only to steal from the hardworking people which are always taken advantage of by politicians and bankers.

Well the notion that he is right in is the notion that Bitcoin can help the economy, though it's not like Bitcoin is going to be making jobs out of thin air. They're going to be taking jobs from other sectors, such as Credit Card processing, Paypal, etc and so on and so forth. Bitcoin is a pretty big net negative for the economy and for businesses.

And is it even suprising to see the HEAD OF THE FUCKING CENTRAL BANK being against something like this? He stands to lose all of his power if Bitcoin gains some traction in his country and takes over the #1 currency thing in their country. Sad, but it's true.

digaran

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🖤😏

More countries will notice Bitcoin, and they will try to regulate crypto currency market. do I need to pay any tax on my unsold activity tokens? I'll need to mix them to avoid getting arrested for illegal activities. lol. when price hits $10K I guess more central banks will talk about Bitcoin, when price was $2000 all the powerful countries regulated Bitcoin exchanges. they are buying more Bitcoins, $3B+ volume in one day, miners are getting rich, I beg of you buy activity tokens on DEX Waves. I'm negotiating with theymos for implementing a forum currency and use my tokens. how's that for contributing?
Crypto currencies may contribute? it'll destroy your central banks you idiots. by 2030 Bitcoin will replace USD.

BartS

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Quote from: sheld0n on November 03, 2017, 04:22:33 PM

Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies. According to local news outlets in Istanbul, the president of the Turkish central bank, the CBRT, said officials from the region are researching cryptocurrencies. Murat Cetinkaya explains that the CBRT has formed a research group consisting of digital asset market participants, Turkish government officials, and regulators. The country’s banking regulator has explained current financial law does not apply to bitcoin, but has cautioned Turkish citizens against using the currency. Now in a more positive light, president Cetinkaya says cryptocurrencies like bitcoin could “contribute to financial stability.”

This does not seem like a good news, since he is actively encouraging citizens of his country to not adopt bitcoin and to not use it, then he tries to rectify a little bit saying bitcoin can contribute to the economy and that is right, but bitcoin is going to contribute to help the people and not the governments that are there only to steal from the hardworking people which are always taken advantage of by politicians and bankers.

sheld0n

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Activity: 322

Merit: 250

Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies. According to local news outlets in Istanbul, the president of the Turkish central bank, the CBRT, said officials from the region are researching cryptocurrencies. Murat Cetinkaya explains that the CBRT has formed a research group consisting of digital asset market participants, Turkish government officials, and regulators. The country’s banking regulator has explained current financial law does not apply to bitcoin, but has cautioned Turkish citizens against using the currency. Now in a more positive light, president Cetinkaya says cryptocurrencies like bitcoin could “contribute to financial stability.”

Topic: Turkish Central Bank President: “Cryptocurrencies May Contribute to Financial - page 2. (Read 634 times)