Sat, September 28

Turkey Taps Specialist for Central Bank’s Crypto Policy Committee

Turkey Taps Specialist for Central Bank's Crypto Policy Committee Bitcoin News
  • The BlockchainIST Center also counts her as an advisory board member.
  • Fatma Ozkul is a professor specializing in blockchain technology and crypto assets.

The president of Turkey, Recep Tayyip Erdogan, has added Prof. Dr. Fatma Ozkul to the panel of crypto specialists. Fatma Ozkul, a professor specializing in blockchain technology and crypto assets, has been formally selected to serve on the Monetary Policy Committee of Turkey’s Central Bank.

Moreover, the appointment of Fatma Ozkul to the Monetary Policy Committee of the Central Bank of the Republic of Turkey (TCMB) was published in the Official Gazette of the Republic of Turkiye.

Significant Experience

Ozkul has authored several scholarly articles on accounting and auditing while serving as a faculty member at Marmara University’s Faculty of Business Administration, Department of Accounting and Finance. The BlockchainIST Center also counts her as an advisory board member.

Not only that, but Ozkul authored “Accounting Practices in Retail Businesses,” “Fraud Risk Management in Businesses,” and the prestigious “Crypto Asset Accounting” that took home the “best finance and economics book of the year” accolade in 2023.

Furthermore, the president of Turkey, after winning the May general election, formed a new economic management team. In June, he named Hafize Gaye Erkan, a former banker at Goldman Sachs Group Inc., governor of the central bank.

In continuation of its monetary policy tightening after Erdogan’s replacement of three MPC members in July, Turkey’s central bank increased policy rates by 3,400 basis points to 42.5% this week.

As cryptocurrency trading gains momentum in Turkey amidst rising inflation, the government is stepping up its attempts to regulate the industry. Licensing and taxes are anticipated to be the primary areas of emphasis for the new crypto market regulations. Next year, the government plans to propose a bill to oversee cryptocurrency assets.

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Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.