It has been reported that Erdoğan has urged the Ak Party to study the metaverse, cryptocurrencies, and how transactions are made using them. Party leaders were instructed to research the phenomenon with significant ramifications for the future.
However, the economic aspects of the metaverse, cryptocurrencies, and social media are likely to be addressed at a forum that will be organized by the ruling party. In Turkey, the metaverse is gaining interest.
According to some reports, thousands of virtual territories in Turkey, most of which are located in the historic former capital of Istanbul, have already been purchased in game-based metaverse platforms. As reported, the Turkish government recently met in the metaverse to discuss cryptocurrency legislation.
Mustafa Elitaş, the chairman of Grand National Assembly of Turkey, said:
“I believe that metaverse-based meetings would be improved expeditiously and become an essential part of our lives.”
Thus, while the Turkish government is open to blockchain technology, metaverse, and a state-issued digital currency, President Erdoğan is notorious for his harsh opposition to cryptocurrencies. Last year, during a public Q&A session, he "declared war" on cryptocurrencies, implying the country had no interest in adopting them.