Posts Tagged ‘Turkey’

Self-Advertised as Turkey’s ‘National Cryptocurrency,’ Turcoin Outed as Ponzi Scheme

Turcoin, advertised by its creators as Turkey’s “national” cryptocurrency, has been outed as a ponzi scheme. Istanbul-based company Hipper, whose partners Muhammed Satıroğlu and Sadun Kaya launched ‘Turcoin’ in 2017, is the subject of a criminal complaint after payouts to investors stopped in early June 2018. Turcoin promised to become Turkey’s “national cryptocurrency” upon its launch, […]

Turkish Lawmaker Proposes National Cryptocurrency

Ahmet Kenan Tanrikulu, the deputy chair of Turkey‘s Nationalist Movement Party and the country’s former Industry Minister, has drafted a report to propose a state-backed cryptocurrency dubbed “Turkcoin.” Though the technical specifics remain unclear, the lawmaker touts that Turkcoin would aim to tokenize asset-backed securities for the issuance, which he argued would yield lower risks […]