Crypto Caurrency and Their Position in the Financial Markets
Kripto Paralar ve Uluslararası Finansal Piyasalarda Yeri

Author : Meltem KESKİN KÖYLÜ
Number of pages : 814-821

Abstract

The financial decentralized technologies are shaping the future. The crypto currencies, whose security is ensured by mathematical encryption, are produced and used without the support of any state or company. Today, approximately 1650 crypto currency are processed in the market. The outstanding ones among these are Ripple, Ethereum, Bitcoin, Cardano, NEM, Litecoin, Stellar, Bitcoin Cash, IOTA and TRON. These currencies are regarded as investment tools, whereas some companies (and even countries) regard them as a commodity. The increase of crypto currencies’ processing volume is a reality. It was observed to be a necessity to examine this reality in an academic paper. With this work, the aim is to examine the advantages and disadvantages of crypto currencies, which exceed time and space, the work that countries and companied carry out towards using them and the regulations regarding them to light the way for the related work in Turkey. In that regard, in this study, the crypto currencies that have the potential to lead the financial innovation in the ever-digitalizing world, are empirically evaluated in terms of their investment potentials and related regulations, in the light of secondary data. Additionally, the issues that newly growing crypto currency investors in Turkey have to take caution and the model that is needed for enabling Turkey to be able to use this technology are included in the study.

Keywords

Crypto Currency, Turkey, Financial Technology, Investments

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