There is a significant Turkish investor group trading in the crypto money market in the world. This brings the issue of regulation of crypto markets, which are spoken in different countries of the world, especially in the USA, to the Turkish crypto markets. Cryptocoin. com, as we have mentioned in our news, the steps to be taken by President Recep Tayyip Erdoğan, who announced that he will “fight cryptocurrencies” in a program he attended before, cause careful monitoring. Meeting with Tesla CEO Elon Musk, who is also an important figure in the crypto market, President Erdoğan presented Elon Musk with a Non Fungible Token (NFT). Today, it was the President himself who received the NFT gift.
This time it was President Erdogan who received an NFT gift
A non-tradable token, or as it is popularly known in English, Non-Fungible Token (NFT), is a unit of data stored in a digital ledger called the Blockchain, which confirms that a digital asset is unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio and other types of digital files. However, access to any copy of the original file is not limited to the recipient of the NFT. While copies of these digital items are available for anyone to acquire, NFTs are tracked on Blockchains to provide the owner with proof of ownership separate from copyright.
NFT, which is also a very controversial issue in the crypto market, is now appearing in the political arena. President Erdogan, aware of his relationship with the crypto ecosystem, presented Elon Musk with a very meaningful piece about the 5D satellite. 5,000 pictures drawn by children with space and satellite themes were turned into a single coin and delivered to Elon Musk in NFT form. Today, AK Party Istanbul Provincial Chairman Osman Nuri Kabaktepe presented the NFT-based “Digital Key of Istanbul” and a painting to President Erdogan. Let’s see if the gifted key will convince the President, who declared that legal regulations on crypto money markets are on the agenda and he will fight them.