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22 June 2021

Gold-backed digital tokens to hit Turkish market following new partnership

Gold-backed digital tokens to hit Turkish market following new partnership


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International bullion trading company AgaBullion and United Kingdom-based fintech Aurus Technologies have signed a partnership to offer gold-backed tokens in the Turkish market.

Turkey’s history in investing physical gold, along with the high adoption rate of crypto as an alternative way to protect wealth, makes the country an attractive market for digital gold, AgaBullion told Cointelegraph.

Speaking on the opportunities in the market, AgaBullion explained that the COVID-19-related lockdown in Turkey made it impossible for citizens to access physical gold:.

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cointelegraph.com
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