Quick update: Turkey and Iran Planning to Launch a National CryptocurrencysteemCreated with Sketch.

in #cryptocurrency7 years ago (edited)

Turkey & Iran Planning to Launch Government Cryptocurrency.jpg

Turkish official has indicated the launch of a national cryptocurrency “Turkcoin” following the Venezuela’s footsteps. Turkcoin will be backed by large public assets. Similarly, Iran also proposed a state-backed digital currency under the supervision of the Central Bank of Iran. Venezuela President Claimed that Petro Raises $735 Million on first day of presale this month. Previously, Russian government also have proposed to launch CryptoRuble which is scheduled to be launched in mid-2019.

I don’t know why all governments are proposing creation of new cryptocurrency. The whole point of cryptocurrency was to keep money in control of people and not the government. What is the point when governments and banks start launching their own cryptocurrencies. They already have their own national currency. Why not they improve the performance of their own currency instead of focusing on digital assets. This is not the right way to handle international sanctions. Also, international sanctions are imposed because of certain valid reason and people who buy such cryptocurrency avoid being part of international concerns.

=====================================================
Quick update is a series written by me (@sumanpuja) to quickly update my followers and Steemit community with most recent happenings in my expertise areas. I will come up with the detailed analysis of the topics later if I get good response in the form of comments and upvotes.
=====================================================

Please don't forget to follow, resteem and browse my channel for more information! Please leave your valuable comments and questions. Thanks

Sort:  

Congratulations @sumanpuja! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.

To support your work, I also upvoted your post!
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 59986.17
ETH 2417.93
USDT 1.00
SBD 2.45