Turkey’s president directs the governing party to arrange a metaverse conference

Turkish President Recep Tayyip Erdoan and leaders from the governing Ak Party met earlier this week to discuss the metaverse, with the president pleading for full investigation.

Erdoan allegedly encouraged the Ak Party to do research into the metaverse, cryptocurrencies, and how they are used in transactions, according to a Daily Sabah article.

At a meeting on Jan. 25, party officials were asked to conduct investigation into the phenomena, which has huge future implications. The economic implications of the metaverse, cryptocurrency, and social media are expected to be addressed in a future ruling party-organized event.

The metaverse is gaining popularity in Turkey. According to some sources, thousands of virtual lands in Turkey have already been acquired using game-based metaverse platforms, the majority of which are situated in the historic former metropolis of Istanbul.

According to Cointelegraph, the Turkish government convened in the metaverse recently to discuss cryptocurrency laws. Mustafa Elitaş, leader of Turkey’s Grand National Assembly, then said, “I think that metaverse-based gatherings will progress rapidly and become an integral part of our life.”

While the Turkish government is supportive of blockchain technology, the metaverse, and a state-issued digital currency, President Erdoan is well-known for his strident hostility to cryptocurrencies. He “declared war” on cryptocurrencies last year at a public Q&A session, meaning that the government has no interest in embracing them.

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