Evaluation of cryptocurrencies according to Turkish legislation
The developments experienced with a great speed in technology make itself felt in every area of life and in almost all fields there is a great change in the way of doing things. The financial system also takes its share from change. Innovations in financial technologies are briefly referred to as FİNTEK. There are often three innovations with FINTEK. The first is the use of crypto money, the second is the use of new models in financial intermediation and the third is artificial intelligence. The emergence of crypto money came in 2009 when the open source Bitcoin software created by Satoshi Nakamoto was shared with other users on the internet. Bitcoin, produced by system users in the virtual environment via its software, is a virtual entity without physical counterpart. The crypto money system, which is not managed by any person or center, is controlled by system users over the internet network. Bitcoin and other similar entities, which allow users to move freely without being bound by any authority, have now become an asset that can be bought and sold in the virtual environment, and can be bought and sold as a means of exchange. Bitcoin can be sent to another system user via internet and goods, services or money can be received.