Tether proposes the tokenization of boron salt mines in Turkey and the establishment of a cryptocurrency exchange in Istanbul

According to Bloomberg, stablecoin leader Tether has made a proposal to the Turkish government to create a cryptocurrency representing Turkey’s boron ore resources using Block chain technology, while also proposing to establish a cryptocurrency exchange in Istanbul, Turkey’s largest city. (Synopsis: RWA track is hot, at a glance global tokenization development status and potential applications) (Background supplement: El Salvador exchange launches tokenization securities such as TSL and Huida to enter the RWA market) According to sources quoted by Bloomberg, stablecoin leader Tether has made a proposal to the Turkish government, It aims to create a cryptocurrency representing Turkey’s boron ore resources using Block chain technology, and also proposes to establish a cryptocurrency exchange in Istanbul, Turkey’s largest city. Turkey’s boron reserves account for 73% of the world’s Boron reserves Last year, Turkey’s Minister of Energy and Natural Resources, Fatih Donmez, said that Turkey has 73% of the world’s boron ore reserves, mainly mined and produced by the state-owned mineral and chemical products company Eti Maden, with revenues of up to $1.3 billion in 2022. It can be speculated that if this tokenization project can land, it may introduce billions of dollars to the tokenization market. However, a Turkish official said that discussions with Tether are still in their early stages, and the proposal to tokenize boron resources cannot yet be implemented. 40% of Turkey’s population owns digital assets Affected by inflation, Turkey has become one of the top countries in cryptocurrency adoption in recent years. Binance, the world’s largest exchange, released a research report last year: 40% of Turkish citizens hold digital asset investment positions; 73% of respondents believe that the number of cryptocurrency investors will continue to increase over the next 5 years; 2 out of every 5 Turkish residents hold digital assets; Local cryptocurrency acceptance in Turkey has climbed from 16% to 40% over the past 3 years; Turkey is the fourth largest cryptocurrency trading market in the world, and its cryptocurrency volume is significantly higher than several other economies in the world. Related reports Hong Kong encryption/Virtual Money regulation full analysis: VASP license, stablecoin, digital Hong Kong dollar, tokenization… Watch once God says “Block chain is great”! Pastor Beauty raises 2.5 million magnesium for church tokenization: God says to take back His house Encryption pays 20,000 words for research: from electronic cash, tokenization currency, to PayFi big future “Tether proposes Turkey to “tokenize” borate mines and establish a cryptocurrency exchange in Istanbul This article was first published in BlockTempo Dynamic Trend - The Most Influential Block Chain News Media”.