The McLaren token will be issued in the coming months on Bitci.com's native blockchain.
Central bank instability tends to attract people to cryptocurrency. As the lira dropped on Monday, internet searches about cryptocurrencies spiked.
Turks might be looking for bitcoin as a potential store of value against further currency weakening or as a hedge against inflation.
Naci Ağbal's comments would place Turkey on the fast track to central bank digital currency.
From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?
Paxful said the partnerships will allow users to trade bitcoin and tether using a lira-backed stablecoin.
The new exchange, offering Turkish lira trading pairs, will be owned by Binance but operated by a locally registered company.
The relationship between economic crisis and crypto exchange activity in Turkey appears to have changed, with bitcoin coming out on the winning end.
The initiative is part of Turkey's 11th Development Plan aimed at to reinvigorating the national economy.
Turkish exchanges OKEx and BtcTurk are onboarding thousands of crypto traders as the lira falters.
Trading volume on Turkey's cryptocurrency exchanges surged Friday as the country's fiat currency plunged to record lows on economic jitters.
Thousands of devices allegedly affected by malware across Egypt, Turkey and Syria.
Politicians in Turkey are reportedly eyeing on launching the country's proprietary cryptocurrency.
Bitcoin exchange CEX.io has partnered with AstroPay to launch local currency account deposits and withdrawals in Latin America.
Prepaid bitcoin voucher service Bitupcard is now available at an additional 270 locations in Turkey, taking the total to 300.