Crypto Expert Chosen by Erdogan for Turkey’s Central Bank Board
Erdogan recently appointed Prof. Sahap Kavcigil to the board of the Central Bank of Turkey (CBT). He is a well-known economist and an expert on cryptocurrencies. Prior to joining the Central Bank board, Kavcigil served as a professor of economics at Istanbul’s Marmara University and wrote extensively on cryptocurrency. He is a strong critic of traditional financial systems and believes that blockchain technology has the potential to revolutionize the banking industry. Kavcigil’s appointment to the CBT board is seen as a sign of Erdogan’s openness to new technologies and innovations. He is expected to play a key role in developing new policies for the Central Bank’s drive to digitize its banking operations.