Iran or Turkey, which country will follow in Venezuela’s footsteps and take out a new cryptocurrency?

Iran or Turkey, Which country will follow in Venezuela’s footsteps and take out a new cryptocurrency?

The turkcoin will be based on the country’s assets as Turquish Airlines.

The Iranian project is taking the first steps. Offers and negotiations on petro exceed 1,000 million dollars after two days of operations.

The initiative of the Government of Venezuela Nicolas Maduro in launching his own criptodivisa to challenge international embargoes and blockades, has attracted interest from Turkey and Iran, whose authorities have embarked on two projects to develop digital currency sovereign.

Last Wednesday, just one day after the petro began its presale, the Central Bank of Iran issued a statement suggesting that is developing a cryptocurrency that would be administered by the state government. This was announced by Iranian Minister of Information Technology and Communications, MJ Azari Jahromi, through his Twitter account after a meeting with the board of the monetary supervisor.

In the note posted on the social network, Azari described the content of the meeting that “digital currencies based on the blockchain technology” were discussed, adding that it was decided to “implement the first digital currency of the country using capacity Iranian elite. “

This project, which is still in its early stages will be the latest to join central banks in Singapore, China and the UK who are working on similar projects.


In this wave of digital currency sovereign project also fits the Turkish government, which is working to launch the turkcoin. According to a report by Al-Monitor, Ahmet Kenan Tanrikulu, vice president of the Nationalist Movement Party of Turkey and former Minister of Industry in the country, they have laid the groundwork for the launch of a sovereign cryptocurrency.

Although the technical details of this project are unclear, the turkcoin deck ‘tokenize’ government assets, which are backed securities, an initiative that entails less risk than existing virtual currency.

According to the report, it is contemplated between these assets large public companies such as Turkish Airlines, the Istanbul Stock Exchange and Turk Telekom.


The good reception of petro certainly is encouraging other governments to follow in the footsteps of Maduro. According to statements by Venezuelan President, negotiations and bids of Venezuelan Petro cryptocurrency exceeded 1,000 million dollars after two days of operations.

In a video posted on Facebook, Maduro notes that “there have been 292,000 deals with purchase intent petro, of which 36% are in dollars, 15% in euros, 18% in ethereum and 31% in bitcoins “.

Last week, Venezuelan President signed the so-called ‘white paper’ petro, in which the features and operation of the new Venezuelan digital currency is established.

According to this ‘white paper’, in February 38.4% of all petros which will come into circulation, the equivalent of 2,300 million dollars, and a month later 44%, about 2.700 million dollars would be sold. The rest would remain in government hands and his group of advisers, VIBE.

Maduro has defined the petro as “a sovereign criptoactivo backed by oil assets” that “can settle safely and directly to avoid blockades and embargoes” and “serve as a platform for the growth of a more just and supportive financial system for development national”.


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