The Minister of Finance of Turkey took the initiative to develop the country’s digital economic sector and to support the ICO at the state level.
About the new medium-term economic programme (MTP) Minister of Berat Albayrak announced this week by local media. According to Albayrak, thanks to MTP Turkey’s GDP could grow by the end of 2018, the year of 3.8%. In the framework of the MTP already has established the Office of transformation and public Finance management. The MTP includes a list of various measures for the strengthening of the national currency, the Turkish Lira, including governmental plans to maintain the ICO sector:
“We will use all necessary measures to overcome the economic problems. We expect that the situation in the public Finance stabiliziruemost over the next two years. Our main goal is to maintain this process. You will soon see concrete steps of Turkey in this direction, for example, in our investment projects”
Turkey expects the economic recovery and bold initiatives from their political leaders, because sharp and significant drop in the Turkish Lira has caused a stir in the local cryptomeria.
Albayrak believes that the maintenance of ICO projects can be the most effective and innovative state program. Turkey will also investigate the possibility of creating a national cryptocurrency, backed by the ICO:
“We’re going to support modern methods of financing, such as ICO or IPCO, by promoting the digital industry and financing of innovative projects”
Meanwhile, Turkish cryptologist supports the Minister, who drew attention to the “closely related to the cryptocurrency world ICO”, considering it “a significant factor”. Indeed, the maintenance and promotion of ICO at the state level or is a sign of futuristic thinking leaders, or shows their level of desperation.
Reports that Turkey is considering the establishment of the Turkish bitcoins appeared at the beginning of the year. Also in January, Turkey also paid for the supply of Russian wheat in bitcoins.
So far the only government that participated in the ICO of a full-scale experiment was Venezuela, which announced the ICO in February of this year.
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