Heads of Turkey and El Salvador met to discuss investments and cryptocurrencies

So far, the Turkish authorities are restricting crypto payments, but they do not prevent people from holding digital assets

24.01.2022 - 13:30

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2 min

What’s new? The government of El Salvador reported that the country’s president, Nayib Bukele, paid a visit to Turkey’s head Recep Tayyip Erdoğan. The meeting was aimed at expanding cooperation between the countries, increasing investments in El Salvador, and discussing issues related to digital assets.

El saludo del Presidente @nayibbukele a los soldados turcos en su idioma: “¡Hola, soldados!”. 🇹🇷🇸🇻 pic.twitter.com/VwiPb3DoF5— Casa Presidencial 🇸🇻 (@PresidenciaSV) January 20, 2022

What is the essence of the meeting? The government of El Salvador said that Bukele will try to strengthen relations with Turkey and find opportunities for cooperation and investments. The presidents also discussed various topics related to the economy, defense, trade, education, diplomacy, and cryptocurrencies. So far, there have been no official statements from either side to bring clarity to the issue associated with digital assets.

However, immediately after the official meeting of the heads of state, the rumors started circulating all over social media, especially on Twitter. Many accounts started posting tweets that BTC will become a legal tender in Turkey in February 2022. The fake profiles have been blocked for spreading false news.

What events preceded it? Earlier, Turkey’s president announced that a cryptocurrency law is ready to be debated in parliament. Erdoğan revealed this at a press conference, adding that the new law will aim to create conditions for the official use of virtual assets. The experts expect the document to completely revise the country’s current cryptocurrency policy.

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