Blockchain Technologies
Blockchain technology, which entered our lives with Bitcoin, refers to a constantly growing and developing technological system that aims to eliminate the control of the authority by creating, developing, transferring and securing data blocks in a digital environment with a decentralized or less centralized environment and can be used in the development of the sector in many areas such as education, health, tourism, food, finance, entertainment, agriculture, etc.
The concept of crypto assets refers to the concept of digital money that we frequently encounter in daily life, which is attributed financial value as a coin or token, and can be stored in cold or hot wallets in decentralized or regulated stock exchanges used for exchange, trade, investment purposes. Crypto assets are not just crypto money. NFT is a more general and inclusive concept that does not limit itself to the concept of money, such as land or a structure in the metaverse universe, and refers to all crypto products that are constantly developing with blockchain technology. Although only the concept of crypto money has entered our lives in the first place, it is obvious that we will enter a process in which crypto assets will diversify and increase and will be attributed increasing financial value in the future.
The development and financial value of a technology that aims to be decentralized, is not compatible with the concept of a country where central authority is essential, and it is difficult to control financially, it can affect global financial markets and order, and more importantly, it is not wanted to be accepted because of the hesitation it creates in terms of controllability. This process has not been understood by the countries. Many countries, especially China, have resorted to banning it many times. However, it has been understood that crypto assets cannot be completely eliminated and the idea of implementing their own digital currency has emerged. With China closing its door to crypto assets more tightly due to its studies on the digital yuan, the USA has had to accelerate its financial and legal regulation processes. In this sense, the acceptance of ETF applications within bitcoin-related funds by the SEC is one of the important financial regulations, and it is a strong indication that crypto currencies will be more accepted by countries globally over time.
