Quote from: JohnBitCo on Today at 01:44:48 AM

Quote from: fr33d on December 25, 2021, 11:16:19 PM

Quote from: pawanjain on December 25, 2021, 01:09:57 PM

The inflation has influenced so much that the president of Turkey Recep Tayyip Erdoğan has announced a crypto law that will soon be shared with the Parliament.
This means crypto will soon be legalized in Turkey. I think it's a good decision and will help Turkey fight inflation well.

This is false.
No law is needed to fight inflation. The president should stop printing the currency, that'll do it.

Why will the presidents and the prime ministers of the world stop printing money? It's free money for them and who do not want free money?
Also by printing more, they give stimulus checks (free money) to people and purpose may not be to help the people, but to gain sympathy and popularity to be elected for the next elections.

Besides that, the government can convince their people to protect their own fiat money and everything is under control so their people do not need to worry. Although inflation still happens, the government is still getting trust from their people so people will not complain about why that is happening because the government will have their "right" reason to explain to their people. But if crypto can be legal in Turkey, that means crypto will get more support from those people and hopefully, it will give more chances for crypto to be stronger in the future.