Erdogan and Bukele meeting: Bitcoin will not become a means of payment in Turkey yet

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The meeting between the presidents of Turkey and El Salvador ended without any public statements about the legalization of cryptocurrencies, which were expected by Turkish crypto enthusiasts.

Salvadoran President Nayib Bukele arrived in Istanbul on January 20 to inaugurate his country’s new embassy. After the ceremony, Turkish President Recep Tayyip Erdogan
discussed with a colleague, according to official sources, “questions of the economy, trade, defense and education.”

The Turkish media expected Erdogan to raise the topic of cryptocurrencies at a meeting with a colleague from El Salvador – since the crypto industry is legalized in this Central American country. However, nothing that would testify to the discussion of this topic by the presidents has been leaked to the media so far.

Instead, fake accounts began to appear on Twitter, the owners of which wrote that Turkey was about to declare bitcoin as legal tender within the country.

Last July, the Turkish Ministry of Finance announced that it was preparing a bill that would establish the legal basis for the use of cryptocurrencies in the country. It is declared that the law is aimed at protecting retail investors and preventing money laundering. The Turkish Capital Markets and Council has pledged to more closely monitor organizations dealing with digital assets.

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