Turkey taps a specialist for the Central Bank’s Crypto Policy Committee. According to Recep Tayyip Erdogan, the President of Turkey, Prof. Dr. Fatma Ozkul has joined the group of crypto professionals. Professor Fatma Ozkul, who specializes in blockchain technology and crypto assets, has been formally appointed to serve on the Monetary Policy Committee of Turkey’s Central Bank. This appointment was made following a thorough selection process.
As an additional point of interest, the nomination of Fatma Ozkul to the Monetary Policy Committee of the Central Bank of the Republic of Turkey (TCMB) was announced in the Republic of Turkey’s official gazette.
As a member of the faculty of Marmara University’s Faculty of Business Administration, Department of Accounting and Finance, Ozkul has contributed to the publication of several research works on the subjects of accounting and auditing. Additionally, she is a member of the advisory board for the BlockchainIST Center.
In addition to this, Ozkul is the author of the books “Accounting Practices in Retail Businesses,” “Fraud Risk Management in Businesses,” and the highly regarded “Crypto Asset Accounting,” which was awarded the title of “Best Finance and Economics Book of the Year” in the year 2023.
As an additional point of interest, following his victory in the general election held in May, the President of Turkey established a new economic management team. Hafize Gaye Erkan, a former banker at Goldman Sachs Group Inc., was appointed to the position of governor of the central bank by him in June.
This week, Turkey’s central bank raised policy rates by 3,400 basis points to 42.5%. Central Bank’s Crypto Policy Committee. This move is part of the country’s ongoing effort to tighten its monetary policy, which began in July when Erdogan replaced three members of the Monetary Policy Committee.
The Turkish government is increasing its efforts to regulate the cryptocurrency business as the country’s cryptocurrency trading market continues to gather speed in the face of rising inflation. It is predicted that the critical focus areas for the new rules governing the cryptocurrency industry would be licensing and taxes. The following year, the government intends to propose a bill regulating cryptocurrency assets.