blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
BET NOW
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
BET NOW
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Turkey Elections News: President Erdoğan’s Party Suffers Major Setback with Loss in Ankara

Tokoni Uti by Tokoni Uti
April 1, 2019 - 12:02 pm
in blockchain news
0
turkey
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
  • The Justice and Development party has lost the Ankara elections in Turkey
  • This marks the end of a 25-year rule
  • Turkey has recently been the subject of criticism over human rights violations

Political strongholds rise and fall all the time and for Turkey’s president, Recep Tayyip Erdoğan, it seems a fall might be near.

This comes after it was reported on April 1, 2019, that the Justice and Development Party (AKP), his party, has lost control of Ankara, the capital of Turkey, in the recent local elections. This loss isn’t limited only to Ankara as Istanbul, the commercial capital of the country appears to be favoring the opposition party as suggested by early poll results.

For over 25 years, the Justice and Development Party had dominance in the capital city but now, it has come to an end with the victory of the People’s Republican party (CHP) mayoral candidate, Mansur Yavaş.

The History of Erdogan

Recep Tayyip Erdogan had been the Prime minister of Turkey for 11 years before becoming the president in 2014. While he is now mostly seen as an authoritarian leader, he once had the reputation of being a modern symbol of democracy in the country.

In the first few years after his party came into power in the country, the Turkish parliament established a number of reforms such as ones for human rights. This was, at the time, seen as a move by the government to become better integrated with the rest of Europe, even as they joined the European Union.

This time of peace was not to last as in the most recent years, Turkey has been the subject of much controversy surrounding its human rights violations, autocratic leadership and so on. This was in stark contrast to the behavior of the early 2000s and created an environment of increasing resentment towards the government. This reached its peak in 2016 when there was a failed coup after which Erdogan went after those he thought to be his enemies.

Falling Lira

In the midst of its political issues, Turkey has seen the value of its currency, the Lira, fall tremendously with inflation sitting at 20 percent.

Suspiciously, Turkey has one of the largest government holdings in cryptocurrency in all of Europe, something it has in common with North Korea and Venezuela, which are also struggling with an authoritarian regime. In a survey, about 18 percent of Turkish citizens reported that they owned some amount of cryptocurrency.  

.@ING_news'e göre, Avrupa ulkeleri içinde Türkler kripto para sahipliginde % olarak birinçi sirada yer aliyor. Türk yatirimcilari ve start-up’larinin bu buyuk basarisindan dolayi bir Türk olarak gurur duyuyorum.

h/t @fundstrat pic.twitter.com/20eTGbdyL0

— Meltem Demirors (@Melt_Dem) February 27, 2019

The follows a noticeable pattern of politically and economically-distressed countries turning to cryptocurrency for some form of relief.

Tags: Cryptocurrency
ShareTweet
Tokoni Uti

Tokoni Uti

Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

Recommended For You

Blockchainreporter – Weekly News Review, Stablecoins and CEXs in Spotlight

by Umair Younas
June 4, 2023 - 11:47 am
0
blockchain

This week witnessed plenty of positive news from centralized exchanges with some really good signs from stablecoin issuers despite crackdowns.

Read more

TRON Vulnerability That Put $500M at Risk, Tradecurve Lets Users Control Their Keys

by Josh Fernandez
June 3, 2023 - 12:33 pm
0

Discover a critical vulnerability on TRON blockchain that had once put $500M in cryptocurrency at risk.

Read more

White Shark Emerging Blockchain Technology Raises $16M, Tradecurve Expected to Raise $20M

by Josh Fernandez
June 2, 2023 - 2:21 pm
0

Explore the future of blockchain technology with White Shark and Tradecurve, early-stage projects disrupting the space with their innovative solutions.

Read more

Binance Enables $USDT Deposits on Arbitrum One and Optimism Networks

by Umair Younas
June 2, 2023 - 11:35 am
0
Binance

This integration marks an important milestone for Binance and expands the availability of USDT on the networks of Arbitrum One and Optimism.

Read more

Uwerx (WERX) Launches Alpha Platform First Phase with More to Come In Coming Weeks

by Josh Fernandez
June 2, 2023 - 11:07 am
0

Uwerx announces the launch of its alpha platform's first phase, marking an exciting milestone in its journey to transform the freelancing industry.

Read more
Next Post
Mexicoborderwall

Trump News: Mexico Border May Close This Week

PARTNERS LIST

  • sp

PRESS RELEASE

OvalPixelAIPlayEarngamedXUyMpCt

OvalPixel Launches Groundbreaking Play-to-Earn OPAIG AI Game Token

by Chainwire
June 2, 2023 - 7:53 pm
0

Los Angeles, USA, June 2nd, 2023, ChainwireOvalPixel announced the launch of its groundbreaking blockchain-powered artificial intelligence (AI) trivia game that...

photoy

Regulation Becoming a Problem? Here’s Why Hybrid DeFi Platform HedgeUp (HDUP) Is the Future

by Max Clark
June 2, 2023 - 12:54 pm
0

Explore the emerging world of crypto and blockchain regulation and understand why HedgeUp (HDUP), a hybrid DeFi platform, stands resilient.

DiscoverthePowerofBRCLearnNowxnxuMuCflZ

OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

by Chainwire
June 1, 2023 - 8:13 pm
0

SAN FRANCISCO, UNITED STATES, June 1st, 2023, ChainwireWith BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens...

photoy

HedgeUp (HDUP) Showcases Why It’s a Better Token Than Chainlink (LINK) and Solana (SOL)

by Max Clark
June 1, 2023 - 1:38 pm
0

Explore the dynamic world of cryptocurrencies with our detailed analysis of HedgeUp (HDUP), Chainlink (LINK), and Solana (SOL).

n

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise