Turkey President Recep Erdogan Names Crypto Expert To Central Bank MPC

Turkey President Recep Tayyip Erdogan appointed crypto and blockchain Prof. Dr. Fatma Ozkul to the list of crypto experts. Fatma Özkul, who teaches about crypto assets and blockchain technology, was officially appointed as a member of the Monetary Policy Committee of the Central Bank of the Republic of Turkey.

Turkey President Appoints Fatma Ozkul To Central Bank MPC

Fatma Özkul has been appointed to the Central Bank of the Republic of Turkey’s (TCMB) Monetary Policy Committee as announced in the Official Gazette of the Republic of Türkiye.

Özkul is a faculty member at Marmara University Faculty of Business Administration, Department of Accounting and Finance, and has many academic publications in the fields of accounting and auditing. She is also the advisory board member of BlockchainIST Center.

Özkul also wrote the books “Fraud Risk Management in Businesses“, “Accounting Practices in Retail Businesses“, as well as the book “Crypto Asset Accounting“, which was awarded the “best finance and economics book of the year” award in 2023.

President Erdogan created a new economy management team after his general election victory in May. He appointed ex-Goldman Sachs Group Inc. banker Hafize Gaye Erkan as Governor of the central bank in June. Turkey’s central bank has raised policy rates by 3,400 basis points to 42.5% this week, continuing its monetary policy tightening after Erdogan replaced three MPC members in July.

The Turkish government continuing efforts to regulate crypto in the country as crypto trading picks pace amid high inflation. The new rules to regulate the crypto market are likely to focus on licensing and taxation. The government expects to submit a draft law to regulate crypto assets next year.

The fourth-largest country in crypto trading is actively seeking ways to get off the Financial Action Task Force (FATF) gray list.

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