Turkey's "national team" concentrates on CoinTR, former central bank governor Murat Uysal officially joins the CoinTR board

According to official news from CoinTR, former Central Bank of Turkey Governor Murat Uysal has officially joined the company's board of directors, responsible for CoinTR's compliance and global development, effective immediately. Murat Uysal served as the Deputy Governor of the Central Bank of the Republic of Turkey from 2016 and became the Governor in 2019, making outstanding contributions to Turkey's monetary policy and financial stability during his tenure.

Former Central Bank of Turkey Governor Murat Uysal

Murat Uysal expressed his thoughts on joining CoinTR: "I am confident about the company's future. The combination of blockchain technology and traditional finance can bring a lot of potential and innovation. As Turkey's leading blockchain enterprise, CoinTR has top-notch technological strength and a deep traditional financial background. We hope to become an innovator and leader in the industry, creating a secure, efficient, and advanced digital financial infrastructure for Turkey that can be oriented towards the global market, thus promoting Turkey's digital economy transformation."

CoinTR CEO Ali Eşelioğlu stated: "We are very honored to welcome Murat Uysal to our team. His exceptional experience in the central bank and financial sector brings us valuable insights and leadership. At this important juncture in the development of the digital asset industry, we look forward to taking more innovative steps in the development of the digital asset industry under Murat Uysal's leadership and creating added value for the industry and clients in building blockchain financial infrastructure."

Previously, four senior officials from banks and regulatory agencies have joined CoinTR and taken on core positions, including former Deputy Minister of Treasury and Finance ŞAKİR ERCAN; former Vice President of Turkey's state-owned bank VakıfBank MEHMET EMİN; former Deputy Director of the Market Department of the Central Bank of Turkey ALİ EŞELİOĞLU; and former head of the Banking Regulation and Supervision Agency's Licensing Office, Yakup DEMİR.

Turkey's "national team" has concentrated on CoinTR due to its special positioning and mission. The complex geopolitical situation in Eastern Europe and the Middle East has led to increased trade and investment risks in the region, with unstable fiat currencies and compliance trade affected by "dirty money." Turkey's relatively safe political environment has prompted a surge in trade, foreign exchange, and asset investment demand from the Middle East. Its GDP growth rate reached 5.6% in 2022 after adjusting for inflation, making it one of the fastest-growing economies in the world. This creates unique opportunities for Turkey and the application of digital assets in the region, with digital assets becoming a more controllable, secure, and efficient alternative to fiat currency. This has also positioned Turkey as the fourth largest in the global digital asset market, and the largest digital asset market in the Middle East and North Africa.

From July 2022 to June 2023, the total trading volume of the Turkish lira against the US dollar stablecoin exceeded $40 billion. However, Turkish people's US dollar stablecoins are largely stored in overseas exchanges. The losses suffered by Turkish investors due to the FTX collapse have fully presented the risks to the Turkish government. The regulatory and economic departments of Turkey have begun to pay attention to the impact of digital assets on foreign exchange rates and the threats they pose to financial security.

CoinTR CEO Ali Eselioglu has previously stated, "Keeping US dollar reserves in Turkey and ensuring that US dollar stablecoins also remain in Turkey is an important mission and direction for business innovation at CoinTR. This goal cannot be achieved by a single exchange; CoinTR will collaborate extensively with the traditional financial sector and actively experiment in the regulatory sandbox. Our vision is to build a blockchain-based financial infrastructure for Turkey and the Middle East, allowing the blockchain industry to achieve healthy growth in Turkey. Since its inception, CoinTR has focused more on integrating traditional banking, securities markets, payments, and digital assets to create new financial tools and products, attempting to provide new solutions to issues such as exchange rates, US dollar reserves, and financial security faced by Turkey.

CoinTR previously constructively proposed a plan to build a blockchain-based digital financial infrastructure for Turkey during a meeting with the chairman of the Turkish Presidential Investment Office and received support from the office. It has now begun designing plans for digital banking and gold stablecoin implementation with two major state-owned banks.

About CoinTR

CoinTR is a global digital asset exchange based in Turkey, founded by a team of senior officials from Turkey's financial regulatory agencies, central bank, and state-owned banks, as well as product and technology elites from the world's top three exchanges. As of now, CoinTR has accumulated over 1 million users, with a daily trading volume reaching $300 million.

CoinTR has gathered a wallet security team from the world's three major exchanges, including the former vice president of Huobi, and over 100 product and technology experts, with about 80% of employees having more than three years of experience in leading exchanges worldwide. Its wallet system has been running smoothly for eight years, maintaining the highest security record in the industry, having managed digital assets worth over $50 billion. The team has previously developed and maintained the world's largest trading systems, participated in the development and deployment of products and systems for licensed exchanges in Japan, and obtained trust licenses in Hong Kong to establish asset management and wallet systems.