Turkey
Is Bitcoin Still a Good Inflation Hedge?
A key U.S. inflation report published Wednesday indicates consumer prices increased 7% in December from a year earlier at its fastest pace since June 1982. Separately, Turkey's annual inflation rate has hit 36%, soaring to a 19-year high. Isaiah Douglass, a partner at Indiana-based financial planning firm Vincere Wealth Management, discusses whether bitcoin is still considered a potential hedge against rising inflation, how investors should best allocate funds between dollars and Bitcoin.
Turkish Lira Is Now More Volatile Than Bitcoin
The lira nosedived in the final quarter of 2021 as Turkey cut interest rates amid high inflation.
Turkey President Erdogan to Send Crypto Law to Parliament: Report
Erdoğan told reporters that the law would be sent to the national assembly “without delay.”
Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
Bitcoin’s perceived role as an inflation hedge is competing with altcoin speculation and U.S. dollar exposure through tether.
Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook
The longtime ruler’s unhinged monetary policy follows a familiar pattern – and it’s pushing some Turks toward bitcoin.
China’s BSN to Launch Portals in Turkey, Uzbekistan
The Chinese-built blockchain-as-a-service platform continues to expand around the world.
Turkish Central Bank to Research Benefits of a Central Bank Digital Currency
The bank has not made a final decision regarding the issuance of a digital Turkish lira but expects results from the pilot study to be announced in 2022.
Crypto Adoption in Middle East Will Come From Unstable Nations
The next wave of crypto adoption in the region is likely to come from citizens in unstable autocracies or those facing crushing inflation in countries like Iran and Lebanon.
Report: Turkey Plans to Present Law on Cryptocurrencies in October
The Turkish government plans to present a bill regulating cryptocurrencies to Parliament in October, Sabah reported. "The Hash" panel explores the potential scope for crypto regulation in Turkey and whether other countries are likely to develop their own crypto strategy. "While I do think that [Turkey] might be trying to protect consumers... I also do think it's more of a control thing," host Naomi Brockwell said.