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After El Salvador’s president visited Turkey last week, speculations were rife that Turkey would expose its crypto policy.

According to Yahoo, presidents and leaders from Turkey’s ruling party gathered earlier this week to discuss the metaverse, with the president pushing for comprehensive research, according to Yahoo!

Turkey’s President Erdoğan has instructed the ruling party to research the metaverse, cryptocurrencies, and how they are used in transactions. The move comes after Turks rushed to cryptocurrency to avoid the lira’s recent plunge as inflation reached a 19-year high.

Erdogan has directed officials to investigate the occurrence, which has far-reaching implications for the future. The economic elements of the metaverse, cryptocurrency, and social media will most likely be discussed in a forum.

Turkey is becoming more interested in the metaverse

According to the article, thousands of virtual colonies in Turkey, the majority of which are located in the historic former capital of Istanbul, have already been purchased through game-based metaverse platforms.

The Turkish government convened in the metaverse recently to talk about cryptocurrency legislation.

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