Turkey's President Erdogan declares war on cryptocurrencies
Turkey's President Recep Tayyip Erdoğan declared war on Bitcoin and other cryptocurrencies at a student event in the city of Mersin on September 18.
"We have absolutely no intention of embracing cryptocurrencies"
Erdoğan hosted a question and answer event in Mersin, Turkey, with students from across the country. One participant referred to the Digital Turkish Lira Collaboration Platform, which was announced last week, and asked if the central bank would introduce cryptocurrencies. He also asked Erdoğan for his opinion on cryptocurrencies.Erdoğan responded to this question by saying, "We have absolutely no intention of embracing cryptocurrencies," adding, "On the contrary, we have a separate war, a separate fight against them. We would never lend support to cryptocurrencies. Because we will move forward with our own currency, that has its own identity."
In April of this year, the Turkish Central Bank announced that it was illegal to make payments with Bitcoin or other cryptocurrencies in Turkey. The main reasons given for this decision were the legal uncertainty surrounding cryptocurrencies, extreme volatility, and the risk of crime.
A Digital Lira is expected to go live soon
Erdoğan's statements came after Turkey's central bank launched a new research platform called Digital Turkish Lira Collaboration Platform earlier this month. The platform aims to explore the possibilities of a digital lira and has partnered with three local tech companies. They are currently in the first phase of the national digital currency and plan to release the results early next year.Exploring the possibilities of introducing the lira's digital equivalent has already been on the agenda since 2019. Erdoğan had also included the issuance of a so-called central bank digital currency in his presidential program.
Continue reading by joining Cryptonary Pro
$997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
