$ 37,853.42
$ 2,764.82
$ 1.00
$ 0.77128
$ 0.596295
$ 0.999999
$ 79.79

First Metaverse Meeting: Crypto Regulations Discussed by Turkish Ruling Party

On Monday, Turkey's ruling party, the Ak Party discussed future crypto laws as it convened its first metaverse meeting.

In the first metaverse meeting initiated by Turkey’s ruling political party, the point of discussion was the forthcoming cryptocurrency regulation.

On Monday, Turkey’s ruling party, the Ak Party discussed future crypto laws as it convened its first metaverse meeting.

The first meeting in the metaverse was initiated by the Grand National Assembly of Turkey (TBMM) where in attendance were the TBMM Chairmen  Mahir Ünal and Mustafa Elitaş, Ak Party vice president Ömer İleri, who is in charge of technologies related to information and communication. 

While Ünal and İleri attended the meeting from the headquarters of the Ak Party, Elitaş was in the parliament building when the meeting commenced. The most important point of discussion was the forthcoming crypto regulations, both financial and legal. 

Elitaş, who also convened a meeting with leaders from the Turkish cryptocurrency industry at the Grand National Assembly of Turkey (TBMM), highlighted that staying away from the virtual world is difficult. He stated, “I believe that metaverse-based meetings would be improved expeditiously and become an essential part of our lives.”

Another meeting, this time between Binance Turkey and Elitaş will likely take place tomorrow, on January 20. Binance Turkey failed the Anti-Money Laundering compliance monitoring audit after which it incurred a $600,000 million fine, equivalent to 8 million Turkish Lira

Turkey has accelerated its metaverse initiatives as blockchain technology has enabled digital ownership, according to leri. He anticipated that the metaverse, which he sees as a young but rapidly evolving field, would have a future effect on numerous businesses.

AKP seeks to lay the foundation for a metaverse ecosystem, noting that the metaverse is readily available in virtual reality, product management, and creative business models.

Digital and technological improvements, according to leri, have legal, economic, and societal implications. He stated that the AKP is working to implement policies on cryptocurrencies and social media so that the innovation abilities of the country can be developed in tandem with safeguarding individual users.

Though the government of Turkey is quite excited and enthusiastic about a central bank digital currency specifically and blockchain technology in general, the same cannot be said for  Recep Tayyip Erdoğan, the Turkish President who publicly announced his anti-crypto attitude. He reinforced his disdain for cryptocurrencies when he publicly argued that there is no intention whatsoever to embrace cryptocurrencies on his end. 

Also read: 

Polygon Introduced EIP-1559 to Deflate MATIC

Police in China Uncover Multi-Million DeFi Rug Pull Attacked by Hackers: At Least $15 Million in ETH Lost 

Elon Musk Headlines Online Mockery – DogeBonk Beats Dogecoin in Moon Mission Challenge

Total BTC Supply on Exchanges Drops to 12%

Hoskinson says Massive ADA Influx is Just the Beginning


Also read:

Related News

A revealing finding of legal documents could shed more light on what caused the dramatic Terra (LUNA) and TerraUSD (UST) price collapse.

Suspicions Rise as Documents Surface Showing that Do Kwon dissolved Terraform Labs Korea days prior to the collapse of LUNA

A revealing finding of legal documents could shed more light on what caused the dramatic Terra (LUNA) and TerraUSD (UST) price collapse. Legal documents disclose the dissolution of two South Korean branches and the liquidation of the Terraform Labs Korea firm in the days leading up to the cryptocurrency collapse, which has been dubbed the “Lehman Brothers of crypto” by a number of people. According to information collected from the

Read More »
Preston Van Loon, an Ethereum (ETH) core developer, said at a discussion at the Permissionless conference that The Merge might happen in August of 2022.

Ethereum 2.0 to be Completed in August Says Vitalik Buterin

The Merge will be finalized in August, according to Vitalik Buterin and several key Ethereum developers A most coveted event in the 7-year existence of Ethereum (ETH), according to the project’s co-founder, Vitalik Buterin, and several key Ethereum (ETH) developers, might happen in the coming months. This must execute before the network is slowed by the difficulty bomb process.  Preston Van Loon, an Ethereum (ETH) core developer, said at a

Read More »
The native currency of Revolut will not be a stablecoin but it does have an aim to make loyalty tradeable, said the CEO.

Revolut CEO Says Future Native Token to Reward Loyalty of Users

CEO Nik Storonsky revealed in an interview that Revolut’s proposed native cryptocurrency will attempt to award clients for their loyalty, as well as specifics on the upcoming non-custodial wallet of the neobank. At the Finance FWD conference in Hamburg Storonsky said that the long-rumored currency, supposedly called “Revcoin”  will work similarly to airline Air Miles programs, wherein users receive benefits according to how frequently they use the services provided. The

Read More »

My Coins

$ 37,853.421.33%
$ 2,764.821%
$ 0.771281.68%
$ 1.000%
$ 79.791.45%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: