Koç and Sabancı join forces to issue digital money
According to today’s news of Sabah Newspaper, Turkey’s two giant holdings Koç and Sabancı came together to issue a digital currency.
The owner of the project called TCcoin, Alphan Manas, İbrahim from Sabah Newspaper He made a statement to Acar. Manas, Chairman of the Board of Directors of Tcc Teknolojileri A.Ş., said that they made proposals to large holdings to show that digital money is reliable, and they received a positive response from them. “When we start this project, we will have made the virtual money available for the first time in the world, backed by large holdings,” he said.. Stating that the holdings are cautious because there is no public regulation in this area yet, Manas said, “I have been working in this area for years.. I am the founding president of the Turkish Futurists Association.. So I could do digital money supply (ICO) alone in this area. However, we aim to accelerate the regulation by entering the market with large institutions.”. It is said that Koç Holding can sell many products from gas stations to household appliances and cars with this digital currency.. Likewise, it is stated that Sabancı Holding can sell its products to consumers in this way.. Alphan Manas said, “The purpose of our partnership with the companies in the project is to prepare the ground for the public authority to issue regulation in this area.. Today ICO can be done in Turkey. No legal restrictions. But we still want to do it with big groups.. He said, “This will happen if we act together.” “This is how digital money works in the world.. When we carry out the project with the holdings, the trust of the investor will be ensured.”. Stating that digital currencies without the production power behind them are perceived as a pyramid scheme, Manas said, “We will break this.”. In the statement made by the holding, “A necessity has arisen to make a statement on the news about ‘digital money’ in various publications today.. We do not have a decision taken by the Sabancı Holding Board of Directors in this regard.. It will be made available to the public.”
No statement was made from Koç Holding’s side on the subject.