According to the founder and CEO of one of the largest and currently most trusted cryptocurrency exchange platforms, Binance, Turkey is now one of the active markets in the community of blockchain and cryptocurrency.
Changpeng Zhao, famously known as CZ believes that the nation will become a very important player in the industry of financial technologies in the future with the right actions taken. CZ highlighted that Turkey plays a vital role in the industry and has a chance of becoming a leader in the development of financial technology.
Turkey, the nation located in between Eastern Europe and Southern Asia, that has a population of 80 million has been rapidly adopted and accepted cryptocurrency since last year due to its economic fluctuations. In late July this year, the nation has announced the introduction of national blockchain-based currency.
Besides, according to a survey by Statistica’s Global Consumer Survey in 2019, one of five Turkish residents are acquainted with crypto and have been exposed to it in some form or another. The figure makes up to 20% and is the highest proportion of all the countries in the world.
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Nurul is an English Language graduate who is highly passionate on writing, she literally breathes on it. An avid reader and a critical thinker, she covers on blockchain news during day and weeps at sad novels at night.