President Himmet Karadağ explained: Will Bitcoin be traded on the stock market?

Borsa Istanbul Chairman of the Board of Directors Himmet Karadağ answered a question about Bitcoin. Montenegro said that they follow the developing technologies and stated that it is not possible for currencies such as Bitcoin to be traded on the stock market. He also made statements about the stock market.. Speaking on the incoming questions, Karadağ also warned investors. Montenegro answered a question about Bitcoin and other cryptocurrencies, which has been talked about a lot lately and attracted the attention of many investors.. Stressing that Bitcoin is a highly volatile virtual currency, Karadağ said, “For this reason, we warn our people at every opportunity against Bitcoin and the like, and advise them to stay away from the possibility of being a victim in the future.”

Himmet Karadağ: “Still a matter of debate.”

Himmet Karadağ reminded that cryptocurrencies are defined as virtual currencies designed to be an intermediary for the purchase of goods and services or financial transactions.. Montenegro also pointed out that many users are trying to use these coins as investment vehicles, which is quite dangerous.. The President stated that the evaluation of Bitcoin and similar assets as assets is still a matter of discussion, and said that Bitcoin trading platforms are not subject to the regulations and inspections of institutions such as the BRSA and SPK.

We are working on blockchain

Emphasizing that they follow the developing technologies, however, it is not possible for cryptocurrencies to be traded on the stock market, and said, “As Borsa Istanbul Group, we primarily evaluate the studies on Blockchain technology, which constitutes the infrastructure of Bitcoin.. Creating a Blockchain Working Group within Takas Istanbul. What can be done in this working group is also being discussed.” An area and technology that banks and the entire financial system cannot give up, organizations that do not invest in this area will already be seriously left behind.. We warn about Bitcoin, but institutions in financial technology should follow Blockchain technologies and similar technologies.. It both reduces investment costs and increases security to very high levels.