On March 1, Istanbul will host a large-scale event  Blockchain & Bitcoin Conference Turkey , dedicated to the study of the role of blockchain technology and cryptocurrencies in the modern world.

Why Turkey? The country experiences an active development of the blockchain technology and cryptocurrency market. Currently, the country has successful digital assets exchanges Lira-Bitcoin and BTCTurk, and cryptocurrency payment systems Payza and Bitwala. In September, Turkey offered for sale apartments that could be purchased for bitcoins, and the main airport of Istanbul has Bitcoin ATM. According to the results of international studies, the number of Bitcoin enthusiasts in the country is growing every day.

The authorities haven’t yet developed an official position regarding the cryptocurrencies. In 2013, they announced that using digital assets is risky; however, in 2017, their narrative changed dramatically. In early November, the president of the Central Bank of Turkey (CBRT) Murat Cetinkaya said that, theoretically, with the help of cryptocurrency, it is possible to restore the country’s financial stability.

The organizer of the conference is the international company Smile-Expo, which has carried out 11 successful Blockchain & Bitcoin Conference events all over the world in 2017. These events attracted thousands of visitors, and Blockchain & Bitcoin Conference Moscow became the largest one in Russia. Now, the company enters the Turkish market, as it sees the development prospects for the cryptocurrency.