Striking Statements on Cryptocurrencies From Mustafa Varank!

Minister of Industry and Technology Mustafa Varank made statements about cryptocurrencies.

Striking statements on cryptocurrencies came from Mustafa Varank. The Minister of Industry and Technology stated that the cryptocurrency market is a very suitable area for fraud and that he will not leave the market unsupervised.   Minister Varank Warns Against Fraud Minister of Treasury and Finance recently made important statements regarding cryptocurrencies and said, "We also share the concerns that have arisen around the world." Today, Industry and Technology Minister Mustafa Varank made critical statements regarding the cryptocurrency market. This situation, according to experts, signals that there are regulations with the increasing interest in cryptocurrencies in recent years. Minister Varank made the following statements on the subject: “Cryptocurrencies are a very suitable area for fraud. We will not leave the risky cryptocurrency space unsupervised. I was negative about cryptocurrencies, but we see that they are active today. This is a much debated area. In fact, the countries we call developed did not take this incident very seriously at the beginning. However, at the point we have reached today, we are talking about an area that is very uncontrolled, has great risks, and where fraud is a possibility. Therefore, I do not believe that the sovereign countries will abandon such an economy in such an uncontrolled way. In the coming days, both western countries and other world states will definitely start to introduce regulations regarding this area. "   "Our Citizen Loves Risk" Minister of Industry and Technology Mustafa Varank stated that this field will not be left unsupervised since there are many citizens investing in the cryptocurrency market: “Our citizen likes risk. That's why tehy invests in these areas. We are currently working on Blockchain technology and cryptocurrency technology with TUBITAK. We have a project that we carry out with our central bank regarding both digital currencies and cryptocurrencies. Of course, I personally do not believe it is right to leave such an area where fraud can be done so much, which poses a lot of risk to our citizens. "   "We Are Following the Developments Closely" Minister Varank stated that they closely follow the developments in the cryptocurrency market and made the following statements: “What can be done with our ministers and our esteemed president in this field? We are doing our own preparations and studies, but I believe that countries will control this area in the world and will not leave it unattended. It is not right for us to declare a measure today. Of course, we are monitoring the developments very closely. We will decide what to do in the upcoming period. I was much more negative about cryptocurrencies. I did not believe that this business could be very involved in world trade. I see that they are very active today. This is of course very related to the money in the world markets. There are huge reserves lurking around and they are looking for places to go. You know, with a tweet by Elon Musk, the system can suddenly turn upside down. It may not be very effective in world trade, but I think they will continue to exist. I think countries will definitely take control of this. "