Crypto fever is palpable in Istanbul. The space across the Grand Bazaar hosts a number of small companies the place you’ll be able to simply stroll in and alternate money for bitcoin (BTC) or tether (USDT). My colleague mentioned the very first thing she noticed at Istanbul airport was an enormous crypto advert. There are a minimum of 8 million folks in Turkey engaged in crypto, in keeping with an estimate in a 2022 analysis report by the Turkish crypto alternate Paribu, one of many largest crypto exchanges in Turkey. Just final week, President Recep Tayyip Erdoğan highlighted the advantages of blockchain expertise, whereas advising younger folks to avoid playing with cryptocurrency. He additionally mentioned that Turkey wished to be a producer, not a shopper, in the digital belongings world.
