Abstract:

With today's technology, rapid advances are made in every field, and this situation greatly affects money. The interest of individuals in cryptocurrencies created by Blockchain technology is increasing day by day. On the other hand, states keep a distance from cryptocurrencies, fearing that they will shake the state authority. Considering that cryptocurrencies will always be a preference at the individual level, it will be inevitable for countries to make certain regulations to facilitate and accelerate the integration process between states and cryptocurrencies. The increasing prevalence of the use of cryptocurrencies reveals the necessity of re-questioning the perspective of state authorities towards cryptocurrencies. In addition, cryptocurrency concepts that provide common usage areas bring new opportunities in terms of regional integration efforts. It is necessary for the Turkic World to use every technological advance with legal and administrative regulations and to lead innovations that will contribute to economic development. In this context, considering the point reached by the economic relations between the member states of the Organization of Turkic States and the vision of this international organization to develop policies towards the goal of full economic integration, it is certain that the Turkic World will need a common currency sooner or later. The arrangement of this possible common currency as a cryptocurrency will provide many advantages for the Turkic World compared to classical national currencies. The aim of this study is to reveal the main lines and functioning of a cryptocurrency that can be used jointly by the entire Turkic World in connection with the Organization of Turkic States.

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