Turkey President Appoints Blockchain Expert Fatma Özkul to Central Bank Committee

President Erdogan appoints blockchain and crypto expert Prof. Dr. Fatma Özkul to the Central Bank’s Monetary Policy Committee. Learn about Özkul’s background, achievements, and Turkey’s ongoing efforts to regulate the crypto market amid rising inflation.

In a significant move, Turkey’s President Recep Tayyip Erdogan has appointed Prof. Dr. Fatma Özkul, a prominent figure in crypto and blockchain, to the Monetary Policy Committee of the Central Bank. Özkul, a faculty member at Marmara University, is renowned for her contributions to the fields of accounting, finance, and blockchain technology. Notably, she is also an advisory board member of BlockchainIST Center.

Economic Management Team Overhaul

Following Erdogan’s election victory, a revamped economic management team took shape. This included the appointment of Hafize Gaye Erkan, a former Goldman Sachs banker, as the Governor of the central bank. Subsequently, the central bank implemented a substantial policy rate increase, reaching 42.5%, continuing the monetary policy tightening initiated with the replacement of three MPC members in July.

Regulating Crypto Amidst Market Growth

As Turkey experiences a surge in crypto trading activity, the government is actively pursuing regulatory measures. Focused on licensing and taxation, these rules aim to address the challenges posed by the rapidly evolving crypto market. A draft law to regulate crypto assets is expected to be submitted next year as part of Turkey’s broader efforts to be removed from the Financial Action Task Force (FATF) gray list.

Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered financial advice from Cryptozi or any other entity. We want to emphasize that if readers use the content or services mentioned in this article, Cryptozi is not responsible for any resulting losses. Therefore, it is strongly advised to exercise caution and consult with financial professionals before making any financial decisions that could impact your financial situation.

SourceCoingape

Lastest

Tether Controversy: WSJ Parent Company Faces Legal Battle Over Defamation

Wall Street Journal's investigative article on Tether and...

MicroStrategy Surges Over 20% Amidst Bitcoin Rally

MicroStrategy (MSTR) witnessed a remarkable 20% surge in...

Bitcoin’s Surge Sparks Speculation of Qatari Billionaire’s Post-Atlantis Purchase

Bitcoin breaches $65,000, triggering rumors of a Qatari...

Bitcoin’s Trajectory: A Mathematical Glimpse into a $1 Million Future

The Bitcoin Power Law model predicts Bitcoin's price...

Subscribe

spot_img

Related

Tether Controversy: WSJ Parent Company Faces Legal Battle Over Defamation

Wall Street Journal's investigative article on Tether and...

MicroStrategy Surges Over 20% Amidst Bitcoin Rally

MicroStrategy (MSTR) witnessed a remarkable 20% surge in...

Bitcoin’s Surge Sparks Speculation of Qatari Billionaire’s Post-Atlantis Purchase

Bitcoin breaches $65,000, triggering rumors of a Qatari...

Bitcoin’s Trajectory: A Mathematical Glimpse into a $1 Million Future

The Bitcoin Power Law model predicts Bitcoin's price...

House Committee Advances Bill to Repeal SEC Bulletin Impacting Crypto Custody Services

The House Financial Services Committee in the U.S....
spot_imgspot_img

Tether Controversy: WSJ Parent Company Faces Legal Battle Over Defamation

Wall Street Journal's investigative article on Tether and Bitfinex leads to a controversial legal battle. Allegations of shady financial practices and connections to...

MicroStrategy Surges Over 20% Amidst Bitcoin Rally

MicroStrategy (MSTR) witnessed a remarkable 20% surge in its stock price on March 4, with a retained gain of over 15% by midday. ...

Bitcoin’s Surge Sparks Speculation of Qatari Billionaire’s Post-Atlantis Purchase

Bitcoin breaches $65,000, triggering rumors of a Qatari billionaire's interest. A Qatari private jet at Madeira airport post-Bitcoin Atlantis fuels speculation. Social media...