In a press launch on Monday, the ministry mentioned it’s collaborating with the Turkish Central Financial institution, the Banking Regulation and Supervision Company, and the Capital Markets Board in its analysis.
“We share worldwide considerations about cryptocurrencies,” the assertion famous.
It added that the developments are monitored by the ministry.
Invented in 2008, Bitcoin – the most-known and main cryptocurrency – has been the highest matter of the financial agenda within the current interval.
Whereas its worth is round $47,800 presently, it was solely $8,900 a 12 months in the past and round $400 5 years in the past.
There are millions of cryptocurrencies that are listed on completely different change markets, together with Binance, Bittrex and Bitstamp.
Cryptocurrencies are principally digital currencies, corresponding to Bitcoin, Ethereum and Ripple, which may be transferred between accounts and change markets and may be spent.
They’re decentralized with blockchain know-how, and not using a central financial institution or single administrator.
Though their utilization has elevated all around the globe, digital forex has not but been accepted by all monetary authorities and there are ongoing vital dangers, corresponding to excessive fluctuation band.
Alternatively, some nations, corresponding to China and the United Arab Emirates, are engaged on official cryptocurrencies.
Bitcoin and different digital property are anticipated to be mentioned globally within the upcoming interval.